We closed our bearish view on Crude Oil for the next three months with target at $49.00 reached as of March 15, 2017. The reward to risk of the trade was 3.4:1. We were spot on in terms of the timing, direction and how different factors unfolded and reinforced with each other. Should we form a view again on Crude Oil, we will re-initiate another piece to detail our thoughts.
(CLOSED) BEARISH ON CRUDE OIL FOR NEXT THREE MONTHS, TARGET $49.00, STOP AT $56.00