What to do? I thoguht WTI will stay above brent and move to 115!
Everybody said so. Even CFTC confirmed that hedge funds were puring the largest bets ever up until a few days ago! Shall I sell now? Buy high and sell low?
Usually when stocks and futures break out they tend to retest the last breakouts before they continue their trends. Oil is retracing to the last breakout around $100. You will have a second chance to go long at that level. But everybody is waiting, and shorts want to cover before it gets there. So sometimes it doesn't get that far. However if other markets are also crashing then it's a different story. If oil bounces back and starts going higher $115 is possible.