Should we short oil today?

**SASKFARMER3** · Jan 7, 2015, 11:07

One more leg lower then look out, is my guess

**ado089** · Jan 7, 2015, 11:08

I went long yesterday. There was a big draw on crude today but a huge build in fuel. Not good for demand but is suspect oil will get a bit of a boost from equity markets for a couple of days. I just doing in and outs with leveraged etf's looking for quick 6-7% moves. They tend to carry some momentum so if you buy them on the contrary you'll pick up a percent or two just on the change in direction. Set stops and don't stay in longer than a week, be mindful of when they roll.

**phoenix64** · Jan 7, 2015, 12:04

Waitin for more blood in the streets.....then goin long on the drillers and few shale producers

**ALLFARMER** · Jan 7, 2015, 17:38

Think oil going lower. Dec 25 converted Canadian to us. (1.625) bought VTI a us etf the buck is now 1.182 only problem is santa claus rally didn't happen and the etf got hit a bit on this correction.

**ALLFARMER** · Jan 7, 2015, 19:02

Woops was 1.1625

Avoid the keyboard Rambo's

Should we short oil today?