http://www.safehaven.com/article/38582/oil-trading-alert-crude-oil-reverses-was-that-the-bottom
Summing up, the situation in crude oil is now more bullish than not for the short term, but it’s not bullish yet to justify opening long positions in our opinion. We believe that the outlook for crude oil is not bearish enough to justify opening another short positions either. In fact, we believe that taking profits off the table yesterday was a good idea. We will continue to monitor the market, look for another profitable trading opportunity and report to you accordingly.