Friday, August 17, 2012

Near Term Top In Oil

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ITZ suggests if you're long WTI Crude Oil via Proshares Ultra Crude ETF (UCO) to reduce position and consider taking a position into Proshares Ultra Short Crude Oil SCO.
WTI is testing the $96 level...ITZ has targeted $96/$97 as a near term top level.
ITZ is entering a 1/4 position in SCO around $37.50    Past ITZ Oil Post


itzstockchartz said...

Suggests adding another 1/4 position around #36.25 on SCO

itzstockchartz said...

sorry could post earlier, but Added 1/4 position this morning @ $36.30