The catalyst to drive a rebound may be a lagged response to the recent rise in the price of crude oil .
Oil stocks have lagged the overall stock market badly in the past year and have been dragged down by the apparent overinvestment in commodity-related stocks.
Risk: 3 average trading ranges.
Reward: 3 average trading ranges.
Probability of a successful trade: 75% (just my opinion)
Define avg trading range: 11-days-average true range.
Tim 10:11AM EST Tuesday, July 9, 2013