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TFC Commodity Trading Forum

Re: Dec Crude/Stretched out /Silverbear *PIC*
In Response To: Re: Dec Crude/Stretched out ()

Here is what I've been watching. The double bear Crude ETF:SCO. It is still a bearish falling chart. Perhaps it will reach and respect the $35 double bottom. But you know how these double ETFs often don't respect price support and resistance levels the way they are calculated. I can't recall if there is a single bear Crude ETF. That would be the best one to chart and then use the double ETF for the trade. Much like watching the SH chart for a single short SPX but using the SDS or SPXU to actually trade.