Limited downside potential (40 Region) on NOPEC, but epic short squeeze on OPEC possible. Just from Commercials COT Data I would say there will be a deal...
Komen:
OK, there is a deal... 8% rise before US open. Crazy! In about half an hour we will see what US Markets think about OPEC Deal. Worst thing for the short side would be Russia also cutting according to OPEC suggestion. We'll soon be at 55 if this happens.
Komen:
Press conference of OPEC starting... That's completely MAD. Having a 10 % day...
Komen:
Waiting on next breakout....
Komen:
breakout on US open seems to be starting
