Crude: Sell and run .... Shorter than Short
Although I believe in Crude Prices in the range of min. 140 USD, the current COT Data scare me to death.... 11 times more long at Managed Money and 21 % NetShort at Commercials rises the Question : Who's gonna buy it ? 40-50 range are reasonable Targets in my point of view. Also from Wykhoff view a retest of this range makes sense.