I am on the short side. Prices are so high people are drilling and pumping like never before which will increase the volume of and decrease the price of oil. The bullish speculator who's watching the television will arrive late to the party.
I personally believe it will fall next week to $6.9.
Even with 2.5% or 5% equity risk with 2 or 3 leverage, this is a good trade to be on the short side.
What do you think?
