Oil is currently the biggest bubble in my opinion and tonight could be the last hurrah. Logic tells me demand for oil at these prices is about to plummet and therefore this is the one of greatest shorts ever. If it doesn't tank tonight then watch out on next week after this weekends the meeting in Saudi Arabia. I will continue to add to my short positions until the bubble bursts. We might have one last push towards $150 but the end is very near imo. Anyone read about oil imports in Australia in May (down 28%) or the reduction of subsidies this week in China and India causing prices to increase substantially. This is a no brainer.
Oil is currently the biggest bubble in my opinion and tonight...
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