16 Apr 2015
Oil turns short term bullish - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies, notes that Crude Oil bias short term has turned bullish with some medium term bullish signs as well.
Key Quotes
"With the LT range being broken and many stops tripped, bias ST is bullish with some MT bullish spice in there as well. Weak pullbacks towards 53.75 should be bought with a move towards 56 and 58.43 on deck. Only a daily close back below 53.75 negates the ST bullish bias."
Key Quotes
"With the LT range being broken and many stops tripped, bias ST is bullish with some MT bullish spice in there as well. Weak pullbacks towards 53.75 should be bought with a move towards 56 and 58.43 on deck. Only a daily close back below 53.75 negates the ST bullish bias."