While the general oil
market is down, this week is starting to see the oil
sector trend upward. The sectors price had hit a lower bollinger band
, StochRSI, and DMI have all crossed and started trended up for the general oil
sector on the daily. This sector will probably continue trending upward until it hits its 50 day moving average or the middle bollinger band
as its ceiling. You can find this exact same movement in CRZO
. This would be a good trade for a call but do not stay in this long.