faboose

Oil looking ready to fall to 45

Short
faboose Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Supply keeps growing, production keeps growing. Everyone is trying to sell now while they can get these prices.

Many US producers who have contributed to the huge run up in supply production are profitable at ~30USD/barrel. They're very happy to keep pumping.

Opening the next round of shorts today. GL all~
Comment:
Adding more shorts
Comment:
Another Friday, Another addition of SCO's :)
Comment:
Patience wins again :)
Trade closed: stop reached
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