Oil to retest support around $58

20. Feb. 2018

Note: these are my notes and are not to be taken as trading advice. Trade at your own risk.

A few reasons oil could test $60 and then $58 soon.

• WTI and Brent price difference closing
  
• Markets overall could continue down this week / next week, bringing oil with it
  
• USA has become an exporter and the USD / DXY could be bearish even if they are up (on edge between negative / positive correlation)
  

22. Feb. 2018

Trade ist aktiv

Should have been a build. Would re-short from these levels. Imports were very small but barely a draw. If imports increase at all we will see builds.

28. Feb. 2018

Trade ist aktiv

Oil still going to $60 and below. Following the market lower.