NYMEX:CL1! Light Crude Oil Futures
i see this continue. primary reason short squeeze. trend very strong to upside.
Trade closed manually: this just isn't for me right now. I see some negs to this rally. don't like trade anymore.
Short squeeze yes. What reason to believe it will continue though. It's already up $12 from 26.5?? Has been strong trend but hitting very big resistance level. Fundamentals do not support a $12 rise as far as I can determine. Do you have any further reasoning or evidence to believe this will continue to rise?