OIL SHORT - SCO

Price v Indicator Daily Chart Suggests SCO UP

SCO the SHORT on Oil, spiked down again on weakness in the Daily frequency chart. That is, SCO is making a lower Price Low with Indicators (MACD, Stochastic) in disagreement. This suggests the pull-back or down spike in SCO is short-term and short-lived.

For Oil prices themselves, BEARISH.