I am not taking risk on OIL.

2016年8月9日

I sold my UWTI at 21 ps.
I am not taking risk on OIL any more.
I don't think OPEC can have proper action after their stale meeting.
I want to see OIL push down to 36 from now.
I would not take a lot of money to trade that decline.

2016年8月11日

註釋

cnbc.com/2016/08/11/iea-cuts-oil-demand-forecast-as-economic-uncertainty-weighs.html

I want to see OIL down to 36 in the next few weeks.

I am full position in gold miners and LABD shorting position.

I will not short OIL now.

I will long OIL when it reaches target price.