Well, the cat is out of the bag....I am a renewable fuels guy and I know oil like no tomorrow.
Turn Around season is starting and refineries are stack up...inventories blew up this week as the tell tale sign of more to come for at least 4 weeks...Hence, short oil for the seasonal short....always happens!!!! I entered this AM and I am already up 50%...whew
Might as well share the wealth. Dollar is stronger too and wham again!...Good for at least 4 weeks of easy money...
Look for retracement to .618 and sell. could go to 9.20 ish but hey I am not greedy.
I love volatility
Turn Around season is starting and refineries are stack up...inventories blew up this week as the tell tale sign of more to come for at least 4 weeks...Hence, short oil for the seasonal short....always happens!!!! I entered this AM and I am already up 50%...whew
Might as well share the wealth. Dollar is stronger too and wham again!...Good for at least 4 weeks of easy money...
Look for retracement to .618 and sell. could go to 9.20 ish but hey I am not greedy.
I love volatility
