SCO RSI indicator oversold - Strong buy
According to the indicator RSI, SCO is oversold and ready to rebound to at least $35 with a peak of $60.
We think that the current oil price is overdue and ready for a retracement.
"World’s largest oil exporter plans to reverse recent unilateral production cut, signaling confidence in recovery"
www.wsj.com/articles...n-prices-11613570923
We think that the current oil price is overdue and ready for a retracement.
"World’s largest oil exporter plans to reverse recent unilateral production cut, signaling confidence in recovery"
www.wsj.com/articles...n-prices-11613570923