OIL...38.99 was as good a place as any for the rally to initially fail.

I have a price order in to sell just shy of 40 which I’ll leave working into tomorrow.

I placed a resting buy order in the SCO, the leveraged short Oil ETF, @ 111.25 which matches $40. Risk is one dollar.

No love…sustained price action over 120 is needed for more upside.

​Gold...macro sell stops will start below 1066. 1066.80 is today’s ORL#

Gold

WTI

SCO