Christian_Jensen

Christian_Jensen

Not much time to write my underlying thoughts on the fundamentals at the moment, but in short I am contrarian. Production caps don't resolve the shortage of storage in the United States. Moreover, the glut will continue in the presence of weak economic data. I suspect this to be yet another false potential breakout to the upside. Note CL1 (Day Chart). We've been...

Christian_Jensen

The bullish trend in oil for the last fourteen days will reverse. The recent increases in price are the product of myopic investors ignoring fundamentals, the current macro view, and prematurely building their long-oil positions. With this in mind, these investors have created an opportunity to continue shorting oil for the interim whilst we wait for the long-term...