Tuesday, May 3, 2011

Ready To Short Oil...Again Via ProShares SCO

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Time to get short WTI Crude Oil again via Proshares UltraShort DJ-AGI Crude OIl ETF (SCO). Those familiar to Itz Pix have traded both the SCO & UCO. Again if you enter the trade set your stops according to your risk level. Itz is suggesting entering around $37 setting a tight STOP @ $36.
SCO Chart ITZ is targeting $42. CHART If $111 breaks support...most likely WTI Oil will head to $106. Futures Chart

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