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


AndreasMunz
2 years ago
Closed position at 46.75. Stochastik and RSI too oversold.

Sep/Oct future spread quite strong today
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