Time to short OIL $SCO going higher

2022年4月26日

SCO has been forming a bottoming pattern for the last couple of months is about ready to break out. Upon breakout, I can see the first big target being $11.53 which would be the 50% retracement of the move.

Let's see what happens over the coming weeks.

2022年5月4日

註釋

I'm out of this trade for a small $.10 loss. Doesn't look like it's time yet.

2022年5月10日

註釋

Keeping an eye on this... It looks like it could make a move very soon

2022年5月17日

註釋

Reentered this trade via calls and spot at $4.55