momo rotating back the the oil sector

FX:USOIL   CFDs on Crude Oil (WTI)
All in with stops at $41... oil             is going much higher soon.
strong bullish movement here with constant rejection at $41

It looks unlikely that we might see an September/October market crash if oil             starts its next big leg up here, which is historically volatile.

Any confirmation of uptrend may easily bring SDRL             beyond $5~7. This is a pretty nice proxy to play on the uptrend, given the close proximity to SDRL's previous low for a safer & leveraged long position.

Comment: SDRL update. Seating perfectly above the bear trendline.

$5~8 target over the next few weeks to months...

Breaking up. Daily bullish engulfing pattern

SPY daily. Beware of incoming risks from US market.


Still holding SDRL :)
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