Think Again! Earlier today I've made a comment about SHORTING The Over Supply. https://lnkd.in/dEF2tGa But what is the flip side of this coin? Here NOW is we see an increasing Number of OIL Rigs popping up and taking place http://mag.quintessencemarket.com/oil-global-economy-03-08-2016 . So the question is: Why would you put more Oil rigs into service if you are expecting an oversupply and demand drop VS. Increased Competition? Gang - Traders Please stay objective and technical in nature and Don't get caught in the mixed bag of Fundamental NUTS. We have a possible LONG Trade setting up Here on the Horizon. Stay Tuned !
if right now was Friday Pit session Close 2.30 Eastern and we closed just the way it is right now on the weekly. I am going to back up a truck and buy a Bunch of puts for over night - weekend play. But we may not close like this we may close very differently and higher see link update there is plenty of money to the upside at least 2k per contract http://www.linkedin.com/hp/update/6166827825878822912