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TFC Commodity Trading Forum

Re: Trades - Crude/Silverbear

Yes... a very skittish market here and yes... it can whipsaw either way. It just dropped as we spoke. Everybody is targetting $100.00 oil at this point and the Egypt situation (black swan) certainly supports this view. Seasonality also points to higher prices. Overwhelming reasons to be long here. Buttttt.... I am cautiously shorting - expecting a return to the 85 area before a run up back to 92. Once the Egypt fear factor dissipates, I expect a return down to this area.

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Re: Trades - Crude/Silverbear