Sorry for my ignorance but what is XOI. Is your call for higher oil or lower?
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XOI it's the index of Oil and Gas US companies. It's a bearish call for PBR in comparison to other US oil and gas companies even if Oil goes up.
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My personal forecast is neutral for CL1! in the short term.
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What is the point? Short oil or go long?
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Short PBR & Long XOI
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