Basic Energy Services Inc. (fka BASXQ)

[Teriyakicat]

1) wti needs to prove it can hold over 50 this time
2) i think 51.40ish is the key level to break
3) market is hesitant at this point

That said if you remain bullish on oil than it will "likely" reflect that in BAS if not than bail. I think its going to tease us at these levels for a bit but I remain bullish on oil... as for how long the market needs to play build up to the break who knows.