WTI runs up 15% in 3 weeks. Overextended? Justified given better than expected economic data and increasing tensions with Iran (oil has skyrocketed since Israeli DM Barak said time is running out an effective attack on Iran's nuclear facilities)? Ripe for a pullback? Do I want to step in front of a moving train? Would short WTI be an all in bet?
Will Wednesday's LTRO determine the direction of oil? Would long WTI/short S&P500 be a safer play?
I think I'm going to wait for the LTRO results to make a decision...
Will Wednesday's LTRO determine the direction of oil? Would long WTI/short S&P500 be a safer play?
I think I'm going to wait for the LTRO results to make a decision...
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