Thursday, 14 April 2011
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Oil Technical Analysis for April 15, 2011
Light Sweet Crude
CL rose slightly today, as it still shows signs of wanting to rise in value. The markets are still in bull mode, even if there is a case to be made for them being somewhat overextended. Look to buy on dips still, as this would have made you plenty of money over the last couple of months.
Brent
Brent had a quiet day today, hardly budging. However, its cousin was very bullish and this could be a precursor for another bull run in this market. For now, buying on dips is still preferred.
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