Robot1010

LOWER CRUDE Prices???

Long
NYMEX:CL1!   Light Crude Oil Futures
3
Think Again! Earlier today I've made a comment about SHORTING The Over Supply. lnkd.in/dEF2tGa But what is the flip side of this coin? Here NOW is we see an increasing Number of OIL Rigs popping up and taking place mag.quintessencemark...l-economy-03-08-2016 . So the question is: Why would you put more Oil rigs into service if you are expecting an oversupply and demand drop VS. Increased Competition? Gang - Traders Please stay objective and technical in nature and Don't get caught in the mixed bag of Fundamental NUTS. We have a possible LONG Trade setting up Here on the Horizon. Stay Tuned !
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