The Crude Oil rally that began on 11/16/23 continued today 11/20/23.
The daily Crude Oil continuous contract chart (CL2!) courtesy of Trading View shows what happened.
In addition to bullish line crosses for RSI and Stochastic there was also a break above the declining trendline from 10/20/23.
Traders exited 50% of a half position of Proshares Ultrashort Bloomberg Crude Oil – ETF (SCO) at the open of main NYSE trading today. The exit price was 18.51. The position was entered on the open of trading 10/16/23 at 17.02.
Crude Oil appears likely to continue its rally.
Traders exit the remaining portion of SCO on the NYSE open at 9:30 AM – EST – 10/21/23.
Four Dimension Trading 