Loading ...WTIC Crude Cycle
I have Crude on day 36 of Trading Cycle 2 here and wedging to a decision point. Based on Time, I think it should top fairly soon and move into its TC2 Low.
My first chart is a daily with the Trading Cycle counts and trend lines. My second chart is a longer term weekly that shows where it is finding potential resistance. It also shows the last several 5-6 month IC Lows along with where I would expect to see the next one.
Thanks Surf…Been trading WTIC
I took an initial position in SCO today but I am still long via several producers (BHP, STO, CPE). I will likely take profits on CPE but I have BHP and STO in my IRA and they both pay a nice dividend at my entry point so I will likely keep them and hedge with SCO.
I had UWTI for a while but sold too early around $30.