C 4 yaselvez.. rebound imminent! Granted WTI corrects from here, indeed…
Crude 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.
USOil Is Bullish and Driven by Aramco IPO Valuations. Expect it to touch 62.52 before any short
I made this chart on March 29th and I'm leaving it untouched. Oil is looking good over the short & medium term