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 ), 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.