SCO the short oil etf,

    Crude OIL

    Posted by ditch on 1st of Feb 2012 at 03:16 pm

    SCO the short oil etf, appears to be breaking out of a 60' wedge

    http://screencast.com/t/13w8S8NY2qqz

     

    Oil should be  a great buy when this consolidation is over, the other curous thing is that even though oil is down the distiliates and services are up.

    good call ditch

    Posted by zach06 on 1st of Feb 2012 at 03:18 pm

    It should run to about   46.70  with crude futures breaking to the    95.00 area     Good Idea..  I've been playing crude futures short.

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