20.02.2014 - Upside for oil appears limited, but investments in oil markets arenít
Oil prices have rallied back to the $100.00-per-barrel level on some near-term supply and inventory concerns. While the upside move is rewarding the buyers of oil stocks, I donít think oil prices are set for an extended rally. The chart of the West Texas Intermediate (WTI) crude oil shows oil prices bouncing higher after the formation of a bullish double bottom, based on my technical analysis. And while oil prices can head higher on the chart, I just donít see any moves being sustainable...............................................Full Article: Source
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