Bearish oilI'm not sure how much oil will correct before a buy on bearish oil. It may be shallow or a moderate amount. I feel the last impulse up in bearish oil will be strong and fast. Try to be open minded on the last impulse strength and have a trailing stop. It may exceed the target box, so adjust on strength.
SCO trade ideas
SCO - to long from 91.73In the context of Crude oil decline below 45, we are looking to long SCO.
SEC looks breaking up a downward channel & money-flow in increasing. We are looking to long if breaks above 91.73
You can check our detailed analysis on SCO in the trading room/ Executive summery link here-
www.screencast.com
Time Span: 29:00”
Trade Suggestion Date: 5th Jul