We Might be in for a WTI Crude Oil Short SqueezeIn overseas premarket trading WTI could drop below the previous low of $19.46. It hit $19.92. And bounced into the $20's. If a new bottom can't be hit, the record level of Shorts will want to cover to cash in on the profits from a quick drop in Oil from $24 to $20 in the past few days. That's a fast drop and the Shorts will want to profit. Some technical analysts think $30.00 WTI Oil will happen within weeks. Based on technical analysis and not the fear mongers in the media. The bad news has already been priced into this low Oil price. But the past few weeks the short squeezes have brought WTI Oil bouncing to $28 the first time. Then apx. $26 the second time. I predict this short squeeze will bring Oil up to $24. An opportunity for whoever wants out of this eroding HOU ETF to get out. My rule is to get out after a short squeeze pop. Don't sell near bottom. I might just buy XEG.TO. it's the non-leveraged ETF buy ishares for the S&P/TSX Energy Index. Because it's not leveraged... its doesn't decay much even if holding longter. But does anyone know of a Canadian ETF to follow WTI Crude Oil? Horizons has non-leveraged HUC, but that's the WTI December Futures. Its already too high and not much upside. I wish there was a non-leveraged Bull ETF to trade the Spot WTI Crude Oil prices. Theres one for WCS Oil but its delisting soon. If course Horizons wont put out a non-leveraged WTI Oil ETF... because they enjoyed fccking us over on HOU!!!