Thursday, August 21, 2014 11:37:19 PM
here ur rag Forbes with it great fundamental timing
http://www.forbes.com/sites/thomaslandstreet/2014/08/20/here-comes-cheaper-oil-why-prices-are-set-to-fall/?partner=yahootix
I been in and out trading short oil with SCO from before the first of the year the corrective sideways has made it hard to keep a position but chart wise it became real clear oil was going down in july the major part of the down move might well be over for more sideways trading before the next move down come along ...
BTW I currently out of SCO I am looking for more down side to around 29.30
15 minute chart
http://www.forbes.com/sites/thomaslandstreet/2014/08/20/here-comes-cheaper-oil-why-prices-are-set-to-fall/?partner=yahootix
I been in and out trading short oil with SCO from before the first of the year the corrective sideways has made it hard to keep a position but chart wise it became real clear oil was going down in july the major part of the down move might well be over for more sideways trading before the next move down come along ...
BTW I currently out of SCO I am looking for more down side to around 29.30
15 minute chart
Ray
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