I am in the process of reconfiguring some of my cycle work (as I read more). Oil just made a 10 week low near the end of August. I expected a little stronger bounce and have been long UCO. I took advantage of the strength and sold yesterday. Oil is coming into a 2.5 week low this coming week and I am not going to hold through that given the weak trend. We should bounce perpetuating this sideways consolidation a bit longer....Will evaluate the bounce coming out of the next next low and will be ready to sell going into the next 5 week low (using SCO).
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