Any range between 36~38 would be a prefect entry here with no more than 3x leverage. Based on the trend-line since the start of 2015.
Doom takes time, and the market will not just go down vertically :D
I think we've had enough for this round... It'll be a good time to squeeze some shorts accumulated since the start of June before going into $20 oil.
UWTI:
To reduce the risk of contango, RIG and SDRL would be a good bet on the bounce too.
SDRL - possible 20% more to go.
RIG is currently near 1994' support.
Doom takes time, and the market will not just go down vertically :D
I think we've had enough for this round... It'll be a good time to squeeze some shorts accumulated since the start of June before going into $20 oil.
UWTI:
To reduce the risk of contango, RIG and SDRL would be a good bet on the bounce too.
SDRL - possible 20% more to go.
RIG is currently near 1994' support.
