darth.stocks
Short

Crude : Dangerzone !!!

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
183 0 4
From the current COT positioning of commercials (23% net short) a significant drop till 40 usd seems to be quite likely, but we should be aware that this positioning is based on news that Irak, Iran Russia... are not willing to accept Algier consens on production freeze/cut. A sudden change may surprise to the upside. Keep also in mind that Saudi Aramco IPO             will only be successful for SA             with a significantly higher crude price. A 10% IPO             of a 2 trillion company is 200 bil... This is a multiple of the yearly crude income of SA             . With SA             producing crude at the upper limit a cut back to the pre oil             decay production level will increase the price significantly and for SA             this will be a bigger gain than trying to keep the current market share...
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