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ProShares UltraShort Bloomberg Crude Oil (SCO)

NYSE
Currency in USD
Disclaimer
15.93
+0.09(+0.57%)
Closed
After Hours
15.88-0.05(-0.31%)

SCO Comments

SCO $13.00, CL $82.00 (Dec)
SCO $3.08, CL $82.50 (Dec)
SCO $12.70, CL $83.50 (Dec)
SCO $12.50, CL $83.42
SCO $12.99 @ Close! CL was $81.58
SCO $13.30 +0.08% @ 01:48 PM ET
Rise and shine
SCO $20.50, CL $69.00
SCO $6.46, CL $61.91 (Wkly Pivot)
SCO $6.43, CL $62.00
**Sold 1/2 long from $6.18.
4% trailing stop on remainder.
SCO $6.18, CL $63.41
https://www.reuters.com/article/us-global-oil-kemp-column/column-hedge-funds-sell-oil-as-bull-run-stutters-kemp-idUSKBN2AT2DX
This is also great to buy now https://m.investing.com/etfs/direxion-daily-s-p-oil-gas-exp-bear-commentary
This just charged from 18RSI up to above 30RSI.  Look at the chart through all of recent history, this always has been followed by 10-25 days of upside.   Oil will probably slump for awhile now.
With Oil, I think news is much more important than any chart.  For example, what is OPEC+ doing?  This is what caused oil to keep going up, regardless of any indicator on the chart.  If you can time the high price of oil, then get in this, but who knows what the high will be.  $70?  $75?  Could be higher.
That is a long way down.  Will this follow the DOW?  With RSI of 78.8 today, there is serious kinetic energy there to move downward.
When I look at the max view in my trading account with 2yr rsi.  It has never been as low as it was Friday!   And every single time after in the history of this, there is a massive bounce after that where it went up for weeks.  Something I am considering here.
Saudi Arabia / OPEC is going to force Oil up to $65 at the very least.  The Saudi government's budget relies on that number - google it; that is how they make all their budget projections.  I don't expect oil to start flattening until $66 or $68 so I would avoid buying SCO until after that, preferably when oil is above $70.
 Thank you for the tip.  They have no issue with RSI at 78.9!?
What I mean is, surprised they did not ease up to that number slower to avoid a correction.
shooting star confirmed I'm in 🥳🚀🚀
How's that working out for you......
  SL out .. no biggie
Instead of a second stimulus the US Govt should stop pumping crude oil and allow americans to pay less for their fuel costs
This is 2X leveraged you know what that means?  Dont sell for less than double the ups and downs.  Dont let the shorts take your money they played the same game with TVIX for a long time
up 1.18% currrently
this will grow if you help we can win
Will this over 20$ anytime soon?! I’m loosing faith ...
ProShares UltraShort Bloomberg Crude Oil (SCO) has been revised to $10.00 wide from $20.00 wide.
should be $18.62 currently
My Merrill Acct. is quoting in currently at $18.84/sh.  Investing.com using another of about 8 Exchanges Trading it and it's constantly behind what I get quoted.
$$$$$$20$$$$$ coming soon SCO!!!!!!!!
only buy in pre market, ritarrrded shorts think they make a difference
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