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Time to short OIL $SCO going higher

Di benjihyam
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SCO has been forming a bottoming pattern for the last couple of months is about ready to break out. Upon breakout, I can see the first big target being $11.53 which would be the 50% retracement of the move.

Let's see what happens over the coming weeks.
Nota
I'm out of this trade for a small $.10 loss. Doesn't look like it's time yet.
Nota
Keeping an eye on this... It looks like it could make a move very soon
Nota
Reentered this trade via calls and spot at $4.55
OiloiltradingSCOSupply and DemandSupport and Resistance
benjihyam
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