AndreasMunz
Short

Crude oil WTI; sell 48.80; target 45.00, stop 51.55

NYMEX:CL1!   Light Crude Oil Futures
51 1 1
Flag in recent downtrend points to next downside target at 45.00

Technically a little oversold already, so caution.

Fundamentally market oversupplied; Spread structure has been weak
Refinerie demand for Heating oil             low, demand for gasoline will be slowing down in the next few weeks


Closed position at 46.75. Stochastik and RSI too oversold.

Sep/Oct future spread quite strong today
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