BUYING CRUDE OIL DOWN HERE

The reasons to be bearish crude oil have all largely already occurred, and a terrific long-side risk/reward trade is setting up

I’ve been lucky to avoid much of crude oil’s decline over the last nine months, but over the past few days, I have returned; starting a long position in December 2024 WTI futures.

Earlier in the week, there were rumours that a large hedge fund was liquidating their crude oil position and many bulls were stopped out as crude sunk to new lows for this move…