Oil Bulls are Back?

For those of you that trade oil ETF's including ERX, XLE and OIH here is an article I recommend reading: http://tinyurl.com/dy8o5f. In fact, I check this website at least 5 days a week. This trader's blog is rarely misleading.

Basically the large commercial players have been trimming their short positions for 3 weeks in a row. I have held off managing some of my ERX positions as you know. In any event, panic selling will always cause us pain.