shortusoil

iSummer iSummer USOIL, 60, Short ,
USOIL: short on USOIL untill EIA data on inventories
166 0 6
USOIL, 60 Short
short on USOIL untill EIA data on inventories

On a fundamental basis, I am short USOIL long term since I believe a higher price will only incentivize higher production which will lead to higher inventories and therefore lower price, with price balancing out over the long term near the marginal cost of production for shale producers which is around 40-45 per barrel. On market sentiment basis, I see the ...

forexgeek forexgeek USOIL, 240, Short ,
USOIL: USOIL -Quick short
125 0 6
USOIL, 240 Short
USOIL -Quick short

Approached trend line and sitting at resistance line. Looking for a quick short when the price retrace. Even though the rally movement seems strong but the retracement should happen shortly. This is just my own analysis, please do your own analysis and trade at your own risk.

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