USO Short / SCO long

I really don't think we are going to get much more out of USO today, maybe a bounce intraday, but not much, I doubt it goes above $34.40 if it can even do that.

I personally like SCO here as a 2x levered short on crude, at least for a swing trade and then maybe set it up again as long as the charts are in line.

I'll be adding a little to the SCO long, we entered last week, it's at less than a 1% loss.

 SCO 2 min

SCO 5 min

SCO 60 min