daytrade diaries... december 16, page-19

Oil breaking a nine day down trend will be the focus of many traders today. Bullish OPEC forecasts for crude oil and short covering should see the sector rally short term.

BAS is at major support .034 and we should see it start to spike in the near future. Has been undersupported of late waiting for this day.

OEX is oversold and should start to climb rapidly with the turnaround in oil. Have a look at the July turnaround of OEX. Trpled share price in several months and OEX has alot of company making drilling prospects to come in the short term.

BKP should attract alot of interest from here on in as ISIS report was very solid and investers need to get set. Alot more definitive information to come, which will make these levels look like a distant memory and just another one that got away.