Subscribe in a reader ITZ suggested shorting WTI crude oil @ $98 with a $89/$90 near term target. We're seeing a bounce here, could test $92.50, that said ITZ believes $83bbl as a possible downside target.
Update on Proshares UltraShort Crude Oil ETF (SCO): entered 1/4 position Jan 23rd $37 stopped 3/1 @ $41.80; entered 1/4 position 2/8/13 $36.60, stopped 3/7/13 @ $41; remaining 1/4 position entered 1/29/13 @ $36 using 21 ema as stop $39.78~ should WTI break under $89bbl, looking to add to SCO position.
