Replies to post #6395 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***May oil futures to test 50 day SMA/$52 support this week***

Currently as of this post, May oil futures are at $52.72 (-.60)

*A break of $52 and the 50 day SMA suggests to me a quick re-test of just over $46 to fill a gap down there and to shakeout the recent pikers in what's like to be a brief spike just under the 200 day SMA... let's see how it unfolds, of course the dollar strength and/or weakness in the background is very important in determining the strength or weakness of oils pricing power...