Just Shorted Crude at 142.47

F

flipflopper

Not trying to call a top or anything.

But with the global economy in its current state there will be an impact on demand.

Please call me an idiot.

I'll be back in a month to let you know how it went.
 
not a bad move imo... either we see a bottom in s&p and a top in oil soon or much much higher oil prices and much much lower s&p
 
Quote from flipflopper:

Not trying to call a top or anything.

But with the global economy in its current state there will be an impact on demand.

Please call me an idiot.

I'll be back in a month to let you know how it went.
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How did you short crude? I would like to know how so could you please tell how you did it so I can watch how your trade does?
Thanks and good luck in your trade.
 
Quote from Tom631:

How did you short crude?
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He probably shorted the USO, its a ETF that reflects the the spot price of West Texas Intermediate (WTI) light, sweet crude oil.
 
Quote from PaulRon:

not a bad move imo... either we see a bottom in s&p and a top in oil soon or much much higher oil prices and much much lower s&p
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A top in oil wouldn't neccisarily mean a bottom in the S&P. The funny thing is high crude prices and there effect on energy stocks in the S&P has masked how poor earnings have really been these past couple of quarters. If you take away the energy stocks the S&P's earnings are at 10 year lows.

The initial selloff will give an artificial boost to the markets but in the end they will likely head back down.
 
Well done OP, it has likely topped. I fully expect to hear the flak on saying that. I did not trade anything, so flame away.
 
Quote from allin:

He probably shorted the USO, its a ETF that reflects the the spot price of West Texas Intermediate (WTI) light, sweet crude oil.
More...

Nope shorted one August CL contract.
 
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