End game to the oil rout, page-25

I've been adding into the fall but I'm not happy to make a pile in call quite yet. The macro deflationary spiral still needs to play out and the sentiment needs to follow. One thing is for sure is that when the oil slide is done it will have over shot the mark. Timing of the pile in call is all critical. DLS is showing resilience at high 70's but the slide in oil shows no sign to me as being finished yet. The Iranian supply overhang should disappear if the republicans get voted in and judging by the heat the media is putting on Hillary over email gate the democrats might struggle fielding a popular candidate.

Eshmun