Monday, April 11, 2011

WTI Crude Oil ...How Low Will It Go?

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WTI Crude Oil finally reversed today after hitting a 30 month high this morning. ITZ suggested last week to enter Proshares UltraShort DJ-AIG Crude Oil ETF (SCO) at $38.50 & $37, for an average cost basis of $37.75. It closed today at  $39.18. SCO Chart The Gold/Oil Ratio bounced right off the 13 level Chart

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