Friday, April 1, 2011

SCO Update

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WTI crude oil appeared to be breaking out of an Ascending Triangle pattern and in the last several minutes has sold off. CHART
There's a tug-of-war going on... with a build in WTI inventories and now a stronger dollar on the Jobs Report news...versus the geopolitical events. Not to mention the speculators driving the price to $110. ITZ has placed a $41 STOP, we may see SCO position exited today. Stay tuned...

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