TAKE MORE PARTIAL PROFITS ON REGULAR OIL SHORT POSITION $USO $SCO $UCO $DWTI $UWTI $XLE $XOP $OIH #OIL
This post was just published on ZYX Short Change Alert. Yesterday we took nice profits on short oil trade around position. Today it is time to take more partial profits on regular oil position. ETF USO is short from $11.31. IT is trading at $9.88 as of this writing. Consider taking profits on 20% of the remaining position in the zone of $9.66 to $10.05. Consider continuing to hold the remaining position. EIA report shows crude build of 1.67 billion barrels vs. consensus of a draw of -2.6 million barrels. Gasoline had a build of 0.452 million barrels vs. consensus of a