Third times a charm after 2 losses.
I think it is in an upward that had surprised me by continuing to go up.
I see a short term short right now as it bounces off the upper bound of the , and turns down from of 80.
Longer term I see a bigger opportunity if it breaks through the lower bound of the , possibly this wont happen until we hit $50 resistance. Analysts are predicting a range bound 40-50 $ oil price for the latter half of the year - this could be the set up for that?
Paper trade, short @48.20, tight stop loss at 0.5% (48.44). Sell when low bound of reached.