I think oil will go lower before it goes higher. All the talk lately has been centered on Iran, however the oversupply / storage issue is still looming. Smart money is staying on the sidelines. With decay, UWTI will likely see sub $1.50 as it retests lows in next few weeks, all imo.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.