SCO (-2x/short crude oil ETN) has hit the first price target in the pre-market session. Consider booking profit and/or raising stops if holding out for any of the additional targets which are still likely to be hit in the coming weeks+.
SCO daily Aug 19th
/CL (crude oil futures) broke the key 64.89 support followed by another impulsive thrust lower with more downside likely in the coming days/week with the typical counter-trend rallies along the way. All previously posted 60-minute charts from this trade (static charts, not including those in the videos) are below starting with the July 6th chart that was posted the very day crude topped along with the updated 60-minute chart below.
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- CL 60m July 6th
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- CL 60m July 23rd
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- CL 60m July 30th
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- CL 60m Aug 9th
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- CL 60m Aug 18th
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- CL 60m Aug 19th
*Click on first chart above to expand, then click the arrow to advance to the next chart. These ‘gallery’ charts will not appear on the email notifications but may be viewed on the site*