Crude floor is set at $46

According to bloomberg, the largest oil trade in the world was completed and put in a $46 dollar floor in crude. And this was just announced October 16th, 2017.  Our analysis called the floor in crude in June at $43.  This annual event, considered a true smart money trade, is called the Mexican Hacienda Hedge.  Mexico is the 12th-largest oil producer and one of the world's top oil exporters, giving the country better information about where the market is heading.

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