Between yesterday’s retracement from its lows, and today’s rise, oil has now risen enough to give us a favorable reward-to-risk ratio. We will use a rise to just above the 200DMA average as our stop. The red area shows our risk, while the green shows our approximate reward, with the bottom of the green being our target. Bought 10% size of SCO @ $37.58 Target @ $42.00 Stop @ $36.88