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Martinoz

Oil Short Idea

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
Martinoz Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
short Oil squeeze
3
0
short oil squeeze
snapshot
As you can see we go back to 50.20. There was 1st resistion at 01.12.16 & now we have support level here. if we will go lower we can get some long close squeeze to 49.00
Comment:
As well we have OPEC meeting at the end of week (saturday). No one know what can happened. May be we can see risk off selling. I heard a rumor that Russia starts to cut at March 2017 and may be other countries and opec members have same condition
Comment:
US API Weekly Statistical Bulletin
previous actual
Med Crude Stocks, Net Chg (Bbls) -0.7M -2.2M
Med Gasoline Stocks, Net Chg (Bbls) +3.3M +0.8M
Med Distillate Stocks, Net Chg (Bbls) +2.2M +4M

Its can be bearish Distillate data from EIA even more bearish
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