RE:My opinion,captaincanada16 wrote: There is going to be a buying opportunity end od Monday into Tuesday next week. I believe the algos will drive the price of oil down more with the API inventory report later today and the EIA report tomorrow. The selling pressure will continue through Friday into Monday. Late Monday or early Tuesday WCP will be sufficiently sold off to go long.
As much as I would like to wait until WCP hits the 9's, I am not totally convinced it will get there. Low $10's to $10.50 is looking possible and that will be my long buy.
Stellar call, captain! I took your advice and re-entered this morning, and am very happy with my purchase. Go WCP!