• fxmaven
    Planning to short /cl dec. contract @100. strong divergence from CRB, crude trading on headlines, set to correct to $85-80
    11/10/11
    Reply (5)
    • TruffelPig: Inventories are down and Israel and Iran are shoring the teeth - you think that is a good time to short? Technically you are correct.
      11/10/11
    • miscon2: I cashed mine out today, but no balls to short. Missed some upside and maybe theres more, but locking a decent profit is ok by me.
      11/10/11
    • fxmaven: israel just trying to get obama's attention, run-up in crude is just hfts reading the headlines. oil will collapse in us/europe recession
      11/10/11
    • cheme: I agree with this...been trying to short crude to no avail recently. Closed all shorts for now but will certainly revisit if > 100.
      11/10/11
    • miscon2: Maven just hit nail on the head for why i dumped. Oil too correlated to indices, and im not a bull right now.
      11/10/11
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