CL Redux

Short 108.20

 

Short Brent 121.98 (Was gonna short CL, but I think that if we go down, then Brent will lead)

 

Target 107.86

 

Im still bearish but the weak dollar isnt helping!

Dollar basket at multimonth lows

 

add another short 122.28

S/L for both 122.38

 

short 108.44
20c stop

 

why are prices rising? i see a double top setting up what do you guys think?

 

Im guessing most of it is dollar related. We have the reverse of the last few days, where Brent looks like it wants to sell off, but CL is holding up.

If you want volatility you're better off in Brent. (for the time being)

 

long 849, stop 848

 

out 51