Buying opportunity, or, shorting opportunity? With data out of China slowing, the world’s second largest consumer after the US would suggest lower prices. In the US, peak demand is likely to fall off after the July 4 holiday. Add in all the new supply and the case would look to support shorts.

While I may not like a long position, I certainly wouldn’t be short.

Screen Shot 2015-07-10 at 6.33.41 AM