BigEz
Short

Ok... Some old school logic.

FX:USOIL   Crude Oil (WTI)
241 0 1
So a quick look shows the trend. Sorry can't help you short term players, but major swings will continue. As you can see last year we had a breather that lasted a few months, but only because the fall from 90 had gotten ahead of itself. Once it got back to the trend line ... Which happened after overshooting up, with help from short squeeze or two... Then returned to overall trend. My advice is play micro channel when it forms. Old smoke and mirrors will still work on predicting the herd on those levels. As for the OG, if you can't swallow few bucks, you are on the wrong size board for these Tides.

Bigger forces are at play here.. No JPMorgan hi jinks here.
Know your enemie
.
http://www.news.com.au/finance/business/breaking-news/naimi-cuts-lonely-figure-in-oil-battle/news-story/ed4eb0839f21df1a38526a7e326658ac


I remain short.
Comment: All signs within norms. Unless we get a new war or a dead king, I don't see any plans changing. My gut says add to my shorts, but history of this manipulated withdrawal shows the rest of the herd needs time to catchup. So it could hang here or even bounce up the next few days, but I see no change in the power play.

Watch for the nouveau riche, they will try to separate equities from oil. They have lots to burn.
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