darth.stocks

Crude thoughts: COT Data

Long
NYMEX:CL1!   Light Crude Oil Futures
10
OMG. No Idea how to judge Futures/Options combined behaviour. We had a similar behaviour only at the beginning of the 2008 Bull run. But OK. Won't go to 145 this time! Just from positioning of Futures, I would judge next Target between 58 and 65. Depends on next week's data. Desperately waiting already now.
By the way, did you notice that Brent is at levels last seen 2015? Did you notice that Iran sanctions will be prolonged?
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