They probably do. I haven't invested much time in looking at CL for many months. It's de-coupled with equities most of this year and the "value" beaten down energy stocks (while they look tempting) just linger below even 2016 levels.
Losing position? Have you looked at the timing of the posts? Anyways, since SPX dumped, i am not sure about this thesis anymore!!! Oil might very well dump from here! We will soon see! The setup looked nice, but if it dunps below this months low, i think it's going south. Might SFP and bounce or not do that at all, but i think it's REKT in such case and i am no longer a believer in oil Also i will flip positions. Oil might soon become overvalued AF. If it's unwise to be long, it's just as unwise to not be short
I've trailed stop loss to 56$ USOIL. Long till wrong. Drop below, oil becomes overvalued for me and im going short
Yeah alright. There's a lot of salt in the thread. Were all of you short the oil? Fact is that i've called it perfectly so far, proof is in the pudding, in this thread. 2 absolute best entries right prior to the pump. Now you can make all the fun you want, but oil is up more than 10% since the first entry. How have i held the winner tight like i said i would? NOPE. Trading it and actually sticking with the plan is on a whole different level!!! Need more time.