User 257960

Oil Breaks Down Again

Oil may be going down, but it wll not go straight down. A check on the Bullish Percent ($BPENER) @ stockcharts.com show the extreme bearlishness and that the energy sector is in the dumsper. This is a situation that you can see another short squeeze unfold very soon. This may conincidence with a short stock market rally now that it is so oversold.