Crude is screwed, man.

Funny to see so many CL traders justifying the unknown.

 

Are you sure CL price will go up, if not down? Otherwise, sideways!

 

https://seekingalpha.com/article/4065604-andurand-stays-bullish-oil-think-right

Informative article.

 

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NOT a prediction, also looks like an uptrend on 52 week chart

 

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Dont know why any longs would insult shorts; many of shorts catch a trend[TX TEA] early, notice that?? NOT likely @ all,it goes to $20, but like Rich Dennis said ''expect extremes''

 

1. 
   For What It's Worth‏@FWIWmacro 9h9 hours ago
   
   
   
   At nearly 9.3M bpd, US #oil production has recovered by almost 800K bpd. Direct transfer of profits from OPEC to US E&Ps.
   
   

 

1. Raoul Pal‏@RaoulGMI 19h19 hours ago
   
   
   
   Gasoline futures have new all time low (sub 100).written all over it....just at the point when US is in all-time peak production of Gasoline
   
   

 

Hmm, maybe CL will be screwed even WITH the OPEC production cuts being extended. Geez, what happened over the past week? I know the COT report could give clues, but it is way too delayed to give meaningful predictive data. We're missing pieces of the puzzle here.

 

Lol - light, sweet, and always crude - there is no point in forecasting, just trade it!
She goes up, she goes down, and feasts on the stops of weak holders - other than that, there is no directional bias or trading strategy

 

One Of The World's Biggest Oil Hedge Funds Just Liquidated All Its Longs

http://www.zerohedge.com/news/2017-...oil-hedge-funds-just-liquidated-all-its-longs