Today’s consolidation/profit-taking is not unexpected after the strong run-up over the past four trading days. Continue to maintain long positions provided they are not doing any severe selling signals. Crude oil is trading positive after a kicker signal and a Doji sandwich trading up through the T-line and today’s trading breaking the downward resistance level. Strength in crude oil should maintain strength in the markets.
February 18th Daily Market Comments
Today’s consolidation/profit-taking is not unexpected after the strong run-up over the past four trading days. Continue to maintain long positions provided they are not doing any severe selling signals. Crude oil is trading positive after a kicker signal and a Doji sandwich trading up through the T-line and today’s trading breaking the downward resistance level. Strength in crude oil should maintain strength in the markets.