Has oil topped out? - FuturesTechs

Has oil topped out or is the current sell-off an opportunity to build fresh long?

Clive Lambert, Director at FuturesTechs, says "yesterday we saw a big rejection of the bearish move - hammer candle", but stresses the need for a bullish follow through to suggest the sell-off is over.

Lambert takes note of the indecision in the gold market and weighs-in on US 10-yr treasury note and 10-yr German Bund.

The 10-year yield closed at the highest level in two years earlier this week. Listen to the full segment to know if the rally would continue.

Lambert's trade of the day is Long crude above $52.00. He sees potential for a rally to $55 levels.

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