Oil bulls are a battle-hardened species. Not only have they rebuffed the bears' attack to close higher yesterday, they've been building upon their gains earlier today too. Right now, they're in the vicinity of an important resistance level. Will they manage to break above it? We're not too far from opening a new trading position...
Let's take a closer look at the charts below (charts courtesy of http://stockcharts.com and www.stooq.com ).
Yesterday's session opened with the bears taking oil low
