I will be looking to take Oil short this week in both the Texas and international markets (WTICOUSD, UKOIL). Separating FOMO out from the opportunity is key this week. Shorting oil on a oil curve (CRB index printing yesterday at 129, with a medium term trade at 145). Bear markets can bounce off of lows sure, but the global equity market is bearish trend, including XLF, XLI. For this reason, I've identified oil short opptotuneis with both WTI and Brent at these prices.
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