Oil Looks Ready To Break Higher
After consolidating for several weeks now, Oil is up and rising again…and this time could try to break higher and above resistance. Looking at the oil futures (light sweet) contract itself, resistance is at $107. While volume leaves someting left to be desired on this most recent up-move since mid March, it does look healthy […]
Oil’s Pullback So Far Is Healthy Consolidation
Despite all the headlines oil's 7% drop has made this week, oil thus far still remains above the $105 level where it broke higher from in late March. As discussed in today's Morning Line-Up Newsletter however, I would not be a buyer here until I see price stabilize. My long target (i closed my longs […]