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Sunday, July 10, 2011

Long SCO 7-8-11.


Daily Chart by FreeStockCharts.com




I entered long the SCO based on the daily reversal chart pattern (shown above) and the weekly 2 period Williams %R being oversold and rising (shown below). I am looking for a move to the upside around the $52.00 to $55.00 price area.

Weekly Chart by FreeStockCharts.com

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