USOIL (4H) Oil is trading slightly above $50. Will more buyers step in and push prices higher or is it time for the bulls to take profits? There is significant separation between the current price and the 50 . Are the bulls willing to keep buying at these prices or will they prefer a retracement to the before taking prices higher? "The trend is your friend until it bends" It is always tempting to short prices as it test resistance zones. However if I am a , I would prefer to wait for confirmation and have prices holding pullbacks (at last) below the 20 before considering short opportunities.