The video this transcript is based on appeared on November 25.
NEW YORK ( TheStreet) -- The Iran nuclear deal may be pulling crude prices down, but Greywolf technician Mark Newton thinks its a good time to make an energy play.
I'm Debra Borchardt and this is your mid-day market update. All the indices are higher on the green territory, a lot this is being attributed to the historic deal with Iran telling them you know what you gotta cut back on your nuclear stuff for about six months, but only six months so far as the deal. Well for now crude is down although it was down more yesterday in going to join me now as Mark Newton, he's the chief technician over at Grey Wolf.
Mark, crude's down right now but not a whole lot is that because you know it's only a six month deal is there a lot of skepticism about this deal actually happening?
I think there's a lot of skepticism about this deal we read about that the media throughout the weekend. Crude and both Brand and WTI are up from earlier lows around last night both have been trying to stabilize, particularly WTI in the last few weeks between us 92 in really 96 levels, sorta bouncing around. Brent crude is actually had a decent move to the upside over the last couple weeks so both of them have hit levels based on the entire decline from September that make it seem like it's time to only us heading into the winter and so that could mean that you know is a la skepticism about this deal that I probably won't pass I know both Republicans and Democrats are against right now doing any sort a major deal knowing that Iran hasn't really given up hardly any concessions right now.