This post was just published on ZYX Short Change Alert.
Oil market is one of the most volatile markets in the world. Therefore it is suitable only for aggressive investors.
To properly handle the volatility, the top band to short USO is being raised to $11.75. Stop zone on one-half of the position is $11.88 to $12.18. Those who can afford the risk and are experienced may consider having only a mental stop on the remaining over $12.30.
The rise yesterday on inventory data is not well grounded in fundamentals.
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