Have a sizeable position in SCO
, currently down 1.23% with an an average of $35.09 still holding an additional 15% of funds in case this decides to move in the opposite direction My chart is indicating. I am currently seeing wti being ineffective at breaking the 52 range and imo
in order for a retest of 55 and move to 60 there needs to be a retrace to 47-48. Currently do not have a stop but mentally it is low 33's. May possibly hedge with remaing funds in uco
as well, but want to see clear movement established.