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hittkts
Aug 15, 2016 8:33 PM

Head and Shoulders OIL Short

Crude Oil (WTI)FXCM

Description

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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