Direxion Daily Energy Bear 2X Shares (ERY)

[zsvq1p]

I cannot say it won't go up to $22 because there is a gap up that way.. The gap seems to always fill on this one.

- China slowing
- US now at price where shale and fracking looks viable - supply up = less profit for these in the ETF pressure may see fall back.
- US rig count up 28%
- North American shale is poised to flood the markets this year



But we have Saudi’s Falih saying oil cuts will continue...
- The pact began a year ago and has been extended until the end of 2018.
- weakening dollar this year