Turn Around season is starting and refineries are stack up...inventories blew up this week as the tell tale sign of more to come for at least 4 weeks...Hence, short oil for the short....always happens!!!! I entered this AM and I am already up 50%...whew
Might as well share the wealth. Dollar is stronger too and wham again!...Good for at least 4 weeks of easy money...
Look for retracement to .618 and sell. could go to 9.20 ish but hey I am not greedy.