Ever since Dennis Gartman's call back in January that oil would not break $44 in his lifetime, crude has pretty much done nothing but go up. I’ve tinted the 'not-in-my-lifetime' zone below.
Shorting stocks is relatively easy when oil is weak. What worries me is the prospect of it getting even stronger. Indeed take a look at United States Oil (NYSE:USO) below. If we cross that red line, watch out above.