The end of Oil as we know it: Chapter 2

=> Firstly, well done to all those who managed to make their slice of the pie on our previous Oil trade. A monster move with our stops holding by crumbs before an almost -40% move to the downside.
=> See attached for those wanting to read in detail the macro and fundamental rationale behind the move.
=> For this latest idea here we are tracking two things; either a feeble bounce into next year with profit taking for short or a continuation of the bleeding and unlocking of the $40 handle.