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TFC Commodity Trading Forum

Re: Oil under $100 after supplies rise 1.3 mln bar

SCO is bouncing off the 11:36am low breakdown point of 37.92 which is now resistance. Oscillators are also rolling over at their 0 and 50 lines on their 5 minute charts. Don't know what it will take to get a sustainable move. Would be nice to just park some cash on a direction and let it ride for more than a few minutes. Need to see price drop back to the 36 'area' with a stop just under it for a sustainable trade I think with SCO. That would see Crude around 102-103 area.