Very interested on 35$ area short-term
OK, so here I'm holding a small long since thursday (via UWTI) and I'm thinking on selling it on the following days.. It's been fun, but gravity is strong with Crude Oil since late 2014 and it's best to cash in on quick profits.
I'm more interested on the price action around 35$ (Last line of support before the capitulation wave of early 2016). It's also around the 2008 lows. It should be a make-or-break moment for crude oil futures, and the fundamental picture strongly suggests oil has a bit more to lose before recovering. Let's see how it goes.
I'm more interested on the price action around 35$ (Last line of support before the capitulation wave of early 2016). It's also around the 2008 lows. It should be a make-or-break moment for crude oil futures, and the fundamental picture strongly suggests oil has a bit more to lose before recovering. Let's see how it goes.
