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GeorgeJimas
Jan 6, 2017 11:12 PM

Oil - Short Short

Crude Oil (WTI)FXCM

Description

Bear divergence, overproduced, OPEC deal won't last, etc.

I believe this will go to sub 50 levels. I shorted today at $54.05, and will be adding to my short position around $52.

Comment

Over the past week it looks like the big guys have been getting out at the high price due to it being unsustainable over a long period.

Comment

Yup, as I go to add to my position, I get an error indicator.

Apparently my broker is having issues again, most frustrating thing in the world.

Going to switch for sure after this issue.
Comments
SharkbaitAl
That sounds super frustrating man I think you should definitely switch as well. Another excellent trade set-up, though!
GeorgeJimas
@SharkbaitAl, Thanks!

Ya after this and the NATGAS issue I had, I'm definitely changing.
Cornhub
can I buy some olive oil?
GeorgeJimas
@Cornhub, Actually olive oil is currently in a bear market indexmundi.com/commodities/?commodity=olive-oil&months=60.

I would advise against longing it.
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