Tuesday, October 14, 2014

Crude is driving a Steamroller... down $4.00+


West Texas Crude is $4.00 lower to $81.70.  It has fallen from a June high of $105 where we were keen to take a bearish position.  Right now there are traders being taken off positions they never dreamed would have to be removed.  There is more room to fall as positions are not in line with current prices.  We will not likely stay in the low $80 for long, but this is current reality and shows how market volatility was in hiding rather than being dead entirely.  


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