This post was just published on ZYX Short Change Alert.
Oil has fallen to $46.42 as of this writing. USO is at $11.11. Consider reducing or taking partial profits on a 15% tranche in the zone of $1o.82 to $11.13 in USO. Consider continuing to hold the remaining position. We still expect oil to go lower but in the very, very short-term there may be a bounce first.
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