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LONG BREAK OUTThis is currently pushing up against and old fib to the downside %50 @ 46.22, this is the 3rd retest and it did not retrace by much looks like we could see a breakout to the upside possibly to 47.26 there is still resistance above at 46.49 and 47.26 look at the 15 minute for a good entry 20 cent stop profit of 50 cents or more.
SHORT OIL/ LONG DWTlooking for continuation in oil downtrend. strong buying in DWT past two weeks. Potential resistance in 33-34 area.
Short-Term SELL, USOIn the energy sector, we have noticed a possible speculative short on crude oil as we expect oil to depreciate by -1.60% by the next week. In our opinion, sellers might put pressure on the actual price particularly near the intermediate resistance which might limit an upside move to no more than 6.80% from the last daily closing price.
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