Technically
Source: Incredible Charts
The green line is about to cross the red line on the MACD.
RSI is picking up in strength.
TAP SP finished above its 7 and 21 day moving averages.
Bollinger Bands
TAP.AX has closed below upper band by 36.0%. Bollinger Bands are 57.6% narrower than normal. The narrow width of the bands suggests low volatility as compared to TAP.AX's normal range. The bands have been in this narrow range for 18 bars. This is a sign that the market may be about to initiate a new trend.
Source: http://au.stoxline.com/q_au.php?symbol=tap&c=ax&Analysis=Analysis
WTI Crude Oil has the potential to hit $75 tonight.
Fundamentally
Oil price is picking up.
No debt on balance sheet.
Better than ROC
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