hittkts

Head and Shoulders OIL

Short
FX:USOIL   CFDs on Crude Oil (WTI)
8
Oil is respecting resistance line from the high. With current crack spreads we will inject roughly 50mmbls into inventory this fall/winter, same as we did last 2 years. Problemis we can only fit 550mmbls before we face containment issues. That means production shut ins are inevitable. Here is how I am playing this.
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