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CONSIDER SHORT SELL ON OIL

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As a very short term trade, consider short sell on oil futures. Consider start scaling in CLZ9 right here at $70.92. Those not comfortable with futures may consider short sell on $UCO right here at $11.32. Keep tight stops.

Impetus for the start of today’s rally was bigger than expected draw down in gasoline inventories. Our analysis shows that the last point and a half is short covering.

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