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The Bulls Still Appear Short of Breath. And Quote a Lot So.
It turned out that the oil bulls haven't had much success yesterday either. And today isn't shaping up to be a much better day for them either. Yet, they have taken black gold higher from its daily lows already - does this mark some kind of a turning point? Let's take a closer look at the charts below image While crude oil moved to the upside right after yesterday's open, the bulls didn't manage to break above the red resistance line for the third time in a row. The subsequent pullback took the commodity below the pink resistance line, and it closed the day below this resistance. It also marks yet another daily ... (full story)