We should be aware that oil has been bottomed no matter from technique view or fundamental aspect. The main point is how the price recover speed will be.
Buy the pull back in 2017 is a smart way to trade oil.
Good luck for everyone!
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Last decline it was bottomed at 2009-01 and topped at 2011-04 which took two year and four months. This time it was bottom at 2016-01 and recovering is still ongoing. It might take another two and half year to top which is at 2018-04. It means that we can hold the long position for more than one year and buy every pull back!!!