needs to get up to and through 54 - and then 55 - before bulls can start feeling more confident. The sell-off Wednesday continued Thursday on lesser volume
but the decline from 54 looks like a pullback to me and not an impulsive move. So let's see if buyers come in Friday; I'm not sure it can happen. But I'm bullish
and think oil
will be higher in 18 months so I'm waiting to see the move up and through 54.