So, what I'm really looking for here is a breakout above the falling blue and the 50 week. If that happens, CL could be testing the 70 level by later this year. From there, I will be extremely interested to see if there is a breakout of the larger formation. That could produce a powerful rally, with some very powerful trade setups. But it will all depend on how CL performs at this immediate overhead resistance.
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Crude printed a strong breakout above the blue falling trendline. If CL can hold above that, the top of the black wedge should be next.