AI SCO Forecast + Trading Strategies

Price Forecast:


Bearish<->Bullish


Bullish Case: A bullish scenario may arise if market sentiment shifts positively with increased oil demand due to geopolitical stabilization, potentially pushing SCO prices toward $19.00 in the coming weeks.


Bearish Case: Conversely, persistent economic pressures, including inflation and regulatory changes, could push SCO prices as low as $15.00, reflecting the current market volatility's downward bias.


Potential Outcomes:

1. 50% chance of stabilization around $17.00 due to neutral sentiment, 30% chance of a rally to $19.00 due to geopolitical stability, 20% chance of drop to $15.00 amidst economic challenges.


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October 10, 2024


ProShares UltraShort Bloomberg Crude Oil Forecast

SCO        ProShares UltraShort Bloomberg Crude Oil
















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