Thursday, August 29, 2013

Crude Oil: Buy The Rumor - Sell The News

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ITZ is looking to re-enter Proshares UltraShort Crude OIl (SCO) should crude cross below $109 a barrel. We could see a limited U.S. strike on Syria this weekend, since President Obama made 'cross the redline' comment, we have to act otherwise lose credibility.

ITZ will re-enter at 1/4 position increments - follow on TWITTER

Greg Priddy, Eurasia Group, provides perspective on how Middle East unrest is impacting energy prices, including a reduction in production in Libya.


itzstockchartz said...

Re-entering $SCO $27.35 with 1/4 position with crude below $109. Using $110 as stop or $26.80

itzstockchartz said...

raise stop to $27.50 on earlier entry

itzstockchartz said...

$SCO $27.50 STOP HIT exit +$0.15