With WTIC oil climbing for a fourth consecutive day, the related energy stocks of Anadarko (APC), and Kinder Morgan (KMI) settled higher by 0.5% and 2.0% respectively. Near term outlook is bullish. Mid term outlook will turn bullish if Oil can break/hold the $50 threshold.
Suffice to add, with higher oil prices, it was no surprise to see continued upside in most energy stocks.
KMI has successfully held the old breakout level of the $19s. Upside target 25/26.
APC is yet to break key resistance of the $57/58s.. but it looks highly probable.
*yours truly remains long APC... would only turn bearish on a break <$50.