DLS bulls are coming soon?, page-13

Hi Auto, when you say oil not holding 50 I assume you mean WTI, not Brent which I thought DLS sold at, correct me if wrong... Anyway, here is WTI chart with $50.50 resistance (Brent resistance $54, closed at  around $53, so all much the same idea chart wise)



20 day MA  above the 50 day MA, if and when $50 goes, which is about where 100 day MA is, you can see all MA lines will uncross nicely indicating a new oil price uptrend towards $61.60. (on Brent chart, resistance is $67) - so I think when WTI does crack $50.50 and Brent $54 then we will see a dramatic increase in long positions in all these CB oil price dependent stocks, DLS, BPT, SXY etc. Also, if using WTI chart, you see it pull back to the $47.19 support and bounce off it, (quite likely) that is also good news, just strengthens the uptrend (if it breaks below though, get out quick, but I can't imagine it, might happen if Fed hike at next meeting, not going to happen.)