Maybe a phased in position, an add to, etc. I always have a little feeling of caution when trading oil because of the fundamental risks, but after the EIA report and the charts, I like USO short in this area.
I'll follow up with some charts, you may want to consider a phased in approach in case we get higher prices later today after the F_O_M_C at 2 pm EDT.
I already have a PUT position and a full size short in the equities model portfolio.
Charts coming...
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