OTCPK:UWTIF - Post by User
Post by
PROtradingon Feb 17, 2016 2:59pm
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Post# 24567498
Crude shorts covering here?
Crude shorts covering here?Is the volume here too scary for most?
It appears the algos are helping the large UWTI shorts to cover between 1.68-1.70
This might be due to the recent downgrade of the Saudi debt that should be a warning sign for them.
They can't keep giving away oil and generating hundred of billions of deficit in their budget.
You'd assume these guys understand how the street operates?