All shorts closed, still expect choppy overperformance
Updated
I closed all my oil shorts this during the night. I still expect overperformance, but I'll monitor it closly, looking for good short term longs.
My target for strong support for potential overperformace would be $17.5 -> 12.5, if this zone is broken, we could see very low single digit for crude...
My target for strong support for potential overperformace would be $17.5 -> 12.5, if this zone is broken, we could see very low single digit for crude...
Trade closed: target reached
Note
Be careful if your adding late to shorting positions under $20, it might become really choppy as bigger institutions buy crude heavily at these levels.
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