Crude oil (WTI), NYMEX as of 12/5/14

NYMEX:CL1!   Light Crude Oil Futures
I feel that looking at the market for the past few months really starting from June. We see that there is still a good possibility that the price will go further down till January. We are seeing that there is a high supply in oil             that is making the prices plunge more. If we look at Brent Crude oil             (ICE FUTURES ), it is down 1.5%. Additionally, looking into just last week, we see a drop and I feel that there might still be an opportunity for a short. Furthermore, Analysts predict that price might go as low as $55. I am calling for a short for this one.
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rjdamania glennjoy1
Totally agree with you. But, I am looking at a short term aspect and I feel that the prices will go back up after the prices hit rock bottom.
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