@mitta in Melbourne this week haven't had a look yet but just logged in and saw your tag. Then checked position and whammo! Still holding the shorts but only got 2 x 500 bundles in last week. It's cactus. IMO market doesn't like the volatility and whilst margins are close to fixed, they are too exposed to an environment where oil goes up again, and the associated triggers.
That said, TA says IMO it will head back towards $30. I have a stop/limit at $33.33........we'll see what we will see
