Crude Oil - Short

Adding to a prior short now scaling-in to maximize position size. Oil is about the lone remaining holdout of all the commodities primarily due to current supply/production issues. I expect this will not last forever. The macro theme is deflation at the moment, and on top of that the pattern is setting up for a nice drop. Could we still move higher, of course, but in a period of deflation, I do not expect oil to hold these levels. Something will change, it always does.

Kommentera:

SL going in on part of position 93.05

Kommentera:

Back in to the small portion from the prior SL and rolled entire position.