PBR has been up nearly 20% from $37 early Februrary. But the up days are mostly in very low volume. Short-term probably is a very good short condition. US$ Short-term rally and market correction will bring this to under $30 within days! -:)
Remi I dont know what you know about PBR but I would not short here (look at in AH's again hint)or oil for that matter but if you do find shell or someone else but I dont think an 8% correction is in the cards right now.Just trying to save you a headace unless you know something most dont but the technicals say different.
Can't believe you would say a thing like that! I am stunned! Anyway PBR has a definite edge! It has momentum in it's favor and the price of oil will rise drastically during the summer demand including the demand from overseas from countries such as India and China and Europe is also in the midst of a great recovery (Germany, France, England, Poland, Russia, CSlavia etc. etc.)
uppeth up it goes till it reaches probably close to $100 then it will split 3:1 and reach $39 and then resume it's upward it goes upward it goes! But there will be somethings going down! Down goeth the shorts! Down goeth the shorts!