Short Oil, another attempt

I stopped out of my last attempt. Admittedly, it was a bit early. It wasn't a big loss.

This time:

- RSI overbought
- Stochastic turning down.
- Distance from 10 & 50 ma.
- Strong resistance level.
- Intermediate cycle still due for a decline.

Looking for a decline to the 50ma. It could go all the way to the 200, but I probably won't be trading that.

Buying SCO, stops at today's highs.

Trade geschlossen: Stop wurde erreicht:

Oil surprised to the upside