for those of you who did not see the target over the weekend, we hit 2.09 this morning. I wonder if that's good enough. the target was 2.07 http://wizeeconomy.com/2016/01/28/uwti-crude-oil-chart-january-28-2016/
$UWTI so many longs trapped now, thinking they can wait it out. Tell that to the people waiting since 40 oil. Sometimes have to cut losses
$UWTI is one to watch for a potential "home run" play. I recall MiniScribe trading down to $.31/sh... then after a reorganization rallying to $80+. If oil does indeed trade down to $10-15/bbl as some have forecast, a big play on $UWTI could be life changing.
Sounds fine, if thats your target; but trend is still down.I dont have a problem with XOM..... buying oil, LOL@ all levels. I like olive oil on my popcorn >TX TEA. Does look like the polar bears took about 80%+/ out of the move; some maybe covering -not a prediction...............................................................................
I think you guys are missing the thread topic...this guy, Adam here, he hit the trade perfect again....perfect trades, inside edge, billionaire boys club, oil trader and all that.