Short, then long.

The numbers today on EIA didn't add up properly, there is some sentiment that the 6million draw should have been 2million. I see a cup/handle formation. Looking to exit short from 45.45 at 44.7 (at the lowest) as a cup handle and also as people exit positions in anticipation of OPEC.

Komentar:

So it turns out I was wrong. One of the rules I've learned is that whenever I am looking for a pullback in a strong trend, other are as well and it's unlikely that there will be one. AKA the greater the slope of a trend the more legitimate it is (perhaps).

Took a 0.12$ per share loss on shorts yesterday and continued to long once it rallied so hard after pit closed it down- thank god.