Momentum still intact up-wards
After coiling for quite a time span oil price gathered momentum enough to climb another ladder. I think we will not see another negative price at the up-coming roll-over and have to suspend that idea a little bit. The roll-over will be a barrier at around US$ 32,50 where the blue and red lines are crossing, but it is not a real hindrance for price to climb further. A tense resistance area will be the price level between US $36,20 and US$ 43,50 indicated by the Renko-Chart. That would also correspond some how to the expected extension length of the second ladder.
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