![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3iQZ6bQRYTADxtW5yxsrvidDSbi_NTTJRzZA5lyZZEcabKqYXyVMApb6FIK2VMInZEyncUJJhIjDEQhOaWYBUNXFoeDPtPUuHsgCZyf30ToEK49F8197Kga4HVwzvs1H912FNOg/s400/Oil093009.gif)
Note how oil is breaking out to multiday highs after basing over the last several days. That is buoying energy and raw materials shares, several of which have registered 60-minute highs and/or moves back above their VWAP recently.
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Exploiting the edge from historical market patterns