LEONES
Short

Crude Oil WTI over-supply

NYMEX:CLQ2013   LIGHT CRUDE OIL FUTURES
151 0 1
Crude Oil             has retraced to an interesting Fib level from the last pivot low (92.67) and is currently trading close to the upward sloping median line and downward sloping upper parallel. The market could start a sharp sell off next week. 96.50 would be my entry point with target 91.50. 'Voices' that the market is over supplied. Weekly chart snapshot here
snapshot
A video from the Commodity week in Dubai to make it more interesting http://marketing.platts.com/content/ACEM201306-commodity-week-dubai?mvr=vancw&sf449684=1
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