I was reading The Kobeissi Letter Monday morning and one of the trade recommendations was: "Short WTI Crude (soon): We remain short WTI Crude in Q1 of 2016 especially following last week’s rally based on Iranian tensions and the North Sea storm. We make the “soon” disclaimer because we feel it is a safer bet at $38 a barrel which is approximately 2% upside from current levels. We continue to emphasize the fact that nothing has changed fundamentally in WTI Crude and reaffirm our belief that WTI will test the 2008 lows of 32.70."
So, I listened to what he said and bought DWTI when crude hit $38 from Saudi-Iran tensions. That day, oil hit a high of 38.37, only $0.37 off of what The Kobeissi Letter said, and has plummeted to $33 as of now.
I am so happy I listened to this recommendation and look forward to seeing what happens tomorrow. This was truly an amazing call and will continue to follow The Kobeissi Letter's lead on this trade.