Showing posts with label oil $WTIC SCO USO USO Syria. Show all posts
Showing posts with label oil $WTIC SCO USO USO Syria. Show all posts

Thursday, August 29, 2013

Crude Oil: Buy The Rumor - Sell The News

 Subscribe in a reader

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.