Whipsaw action
This whipsaw action was one of the most beautiful bear traps I've seen for sometime.
https://snalaska.us/cot/current/charts/CL.png
As I posted before the open interest has fallen when oil as fallen too, is very bullish still.
I'm still sticking to my Canadian oil and gas holdings. To many issues in South America that are swing to the left and now talks of nationalizing Oil companies in US. Alberta Oil companies are rocking.