Showing posts with label $UCO $GASO $SCO crudeoil EIA API $WTIC. Show all posts
Showing posts with label $UCO $GASO $SCO crudeoil EIA API $WTIC. Show all posts

Wednesday, May 1, 2013

WTI Crude Oil Sells Off: UCO

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WTI Crude Oil is selling off this week, API reported 5 million-barrel rise in crude supply LINK

EIA reported  a build of 6.7 million bbl  LINK

$GASO $UCO weekly chart seems to be making a similar bottom to that of last year May/June period Chart

One could trade $SCO here shorting crude, but be nimble. ITZ is looking to re-enter $UCO very soon.

click on chart to expand image