seriously, page-25

i dont think shorters would touch it at 41.5, would you?

tied to the oil price, you have to think oil is going to tank further to short it.

OIL futures are up slightly, opec to cut? they wont want to sell it for 30 something, i think a strong argument for 40+ support.

I think the sellers, are likely just traders spooked, or longs worried about the oil price, and that is playing into the shorters hands, who, likely, shorted at higher levels.

They will have to cover though, so i'd expect that to occur if we start to see more longs enter, but more if the oil prices shows some strength.

cheers