Oil came blazing off the open and popped strongly after inventory data came out. However, was a good place to go short. It proved itself unable to move back up and get over that level. Oil is still setup to for a long trade in the intermediate term. I highly doubt this is the top in commodities and it is likely that the daily news blurb about World War III (Iran v. Israel) will pop up soon enough.
DAKT is set up to short. It's finding weakness at its 200 sma now as it has before. It is likely to fall back as the 50 sma comes in beneath and catches it below.
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