Im in at DXO at 1.97, using 35 dollar oil as a swing position.... I feel at some point, oil will be back over 35 dollars a barrel, regardless if it fails further from here.....Where is the money on oil to be made now....Up or down.... Well....If Obama gets his infrastructure wishes, it looks like long to me.......
Yes, if oil drops 60 percent from it high, you made 120 percent going short....Now if you swithc that to long...so if you owned a short from 100 to 50, thats a 100 percent gain a double short....Go to a single long from here, watch as oil rebounds....then switch to a double long to catch the middle ground....I wouldnt go double short or long as it finds a top/bottom...etc....
Oil ETN Liquidity - Long and Short [View article]
Oil ETN Liquidity - Long and Short [View article]