WTI up to $25 USD tonight, which is a hell of a difference from minus -$37 just a while ago.
(As at 11.30pm Aust WST)
Well, they are all having a run up in the energy space tonight.
Natural gas up 7%.
London gas up 12%.
Crude WTI up a whopping 16%.
Brent up 11%.
It's all about energy on the international markets tonight.
Go you good thing.
SXY has traditionally had a few professional Shorters who follow the stock, and who will be crushed in the near future unless they cover now, or try and double down on their Shorts. In reality, the smart Shorters have left the building by now, covering at 15 cents, so we only have the laggards and dumb-arse novice Shorters remaining, these are the slow coaches who always get crushed.
Within the year, SXY will be back above 30 cents, sitting comfortably once again IMHO. There is some easy money to be made here I think, but definitely DYOR.
Gw
SXY Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
