After a rough go in 2014 and 2015, energy prices slowly began their upward ascent in 2016 after bottoming out under $30 per barrel early that year. Since then, Brent crude oil touched $70 before settling comfortably above the $60 mark this year.
Iron Condor or long-It? First of all, I believe the weekly lows are in because of my pre-calculated weekly ranges in my regular article at approximately 2800-2700, rounded here to make the Iron Condor math easy- the 50% point is 2750. An out-of-the-money 2760, 2780, 2780 strike zone long call spread or straight long call would be inexpensive as well.