RyanVarghese

Pain Trade. Going against the consensus

Short
TVC:USOIL   CFDs on WTI Crude Oil
Details are in the chart.

Generally, for global growth to pick up, we need a subdued oil price and like it or not, POTUS wants a lower oil price. We are heading into a G-20 meeting this weekend and Trump is definitely gonna highlight his attention toward oil price as well along with the trade tension (tariff issue) that we are seeing.

Rest all details are in the chart. Feel free to share your views. I could take a hit but I don't mind if its a painful lesson as it is already a pain trade.

Comments

Nice Sell!!
Reply
RyanVarghese hope.bleecker
@hope.bleecker, Thanks.. Rarely, Oil disappoints during OPEC meet. :) we have seen this pattern for last three years except in November 2016 when it rose by 5% in a day during Opec meeting.
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