Specific markets - oil, steel

Might be time to start thinking about whether a potential play in steel might be relatively "better" than the much-expected (overly expected?) rally in oil...

But I'm not giving up on a decent Fibonacci retracement bounce in oil ... just wondering at this point, given how watched and anemic it is, whether the bounce will provide really good returns on a long trade....


If looking for an entry in X, as a swing trade, then be sure to wait until a pullback is followed by a trigger day up (that goes above, and preferably closes above, the high of the pullback low day).