OTCPK:UWTIF - Post by User
Post by
PROtradingon Jul 14, 2016 10:28am
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Post# 25051975
Oil - charts look undecisive short term?
Oil - charts look undecisive short term?
UWTI is just a good trader. That 3x volatility is so yummy. Bunch of 2bit clowns trying to trade a real oil with real assets. Why aren't they here?
Funny today, we have a tug of war between the market bears and bulls on oil. The physical traders are busy securing as many contracts as they can with sub $50 oil because they know the clock is ticking....
Keeping oil sub $50 sets us up for a slower short term recovery and a massive supercycle on the longer term. No mega projects are going to be approved and large off-shore explorations projects are going to continue to get cancelled.