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	Comments on: /CL USO SCO Short-Term Trade Idea	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		By: rsotc		</title>
		<link>https://rightsideofthechart.com/cl-uso-sco-short-term-trade-idea/#comment-25544</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 29 Nov 2022 04:38:09 +0000</pubDate>
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					<description><![CDATA[For those burning the midnight oil (or living on the West Coast+), /CL &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;downtrend&lt;/abbr&gt; line + 78.21 resistance was just hit, triggering an objective short entry. Additional micro targets added. Stops commensurate with one&#039;s price target(s) using a favorable &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.&#039;&gt;R/R&lt;/abbr&gt; of 2:1 or better. Updated 10m chart below.]]></description>
			<content:encoded><![CDATA[<p>For those burning the midnight oil (or living on the West Coast+), /CL <abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>downtrend</abbr> line + 78.21 resistance was just hit, triggering an objective short entry. Additional micro targets added. Stops commensurate with one&#8217;s price target(s) using a favorable <abbr class='c2c-text-hover' title='Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.'>R/R</abbr> of 2:1 or better. Updated 10m chart below.</p>
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