Thursday, September 22, 2011

WTI Oil Heading to $75

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Itz exited Proshares Ultra Crude Oil UCO yesterday @ its entry level of $32 and went short oil as it broke under $85 a barrel. WTI continues to escalate lower as risk comes off following disappointment from the Federal Reserve statement yesterday. ITZ suggested entering Proshares UltraShort Crude Oil SCO @ $57.30. SCO Chart

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