cvn should be coming out with some well updates soon, and with oil trading the range 65 to 75, the iran drama will only be good for oil prices. In the end Iran will back down, or isreal will bomb it, with no-one else to back it up just like last time isreal bombed them.
Also we have oil bulls pushing the price of oil whenever there is a slight whiff of US inventories dropping, eg: last night.
I rally will see the shorts being covered pretty quick, and this always adds a boost to the rally.
Stevero
short selling, page-5
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