UBS: “There Is No Doubt That The Move In Oil Is TOTALLY Short Squeeze Led”, Here’s Why
by Tyler Durden
ZeroHedge.com
03/03/2016
“Yesterday oil ended in the green despite a very large reported crude inventory build, a reflection of how biased to the downside sentiment and positioning already is. Today, crude started in the read and has been mixed from there but moving higher. And both days, the stocks have lead with energy the best performing subsector in the S&P. Now, there is no doubt that the performance today is TOTALLY short-squeeze led. Though it also shows how negative sentiment and positioning is.”
The Rest…HERE
