Longcrudeoil
Crude Oil to rally upCrude Oil futures /CL have bottomed out and appear to be rallying up to 56, at least; with a resistance at 60.
The MACD and OBV are supportive of the move, and the daily chart registered a double bottom with a recent high breakout.
Chart speaks for itself as it is an obvious reversal pattern. Confirmation there is a higher low, and it break the next high.
Long USOIL With Targets of 60.98 62.52 SL 58.48USOil Is Bullish and Driven by Aramco IPO Valuations.
Expect it to touch 62.52 before any short
Oil Chart Medium-ChartI made this chart on March 29th and I'm leaving it untouched. Oil is looking good over the short & medium term
