AlexTrik
Short

USOIL too bearish

NYMEX:CL1!   Light Crude Oil Futures
After the really bearish response to what most consider good news for oil , I decided to open a new short position with tp $48.2. On the daily there is still room for downside and despite the contract rollover I think the gap will be filled over the next to days and proceed to move lower. Stop at $49.35
what price was it? (the gap) do you think it is a short now or long?
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what price is the gap at?
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AlexTrik tbuckle
Just happened after Saudi announced "willingness to cut production"
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AlexTrik tbuckle
Also, the difference between Nov and Dec contracts is .$80 which is the amount of the pump that just occured
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