GarryBartsch

CLK2015 Oil Needs to Get Above 54

NYMEX:CLK2015   LIGHT CRUDE OIL FUTURES
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Oil             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.
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