IvanLabrie
Long

Oil: Emerging uptrend

NYMEX:CL1!   Light Crude Oil Futures
Crude oil             has reached the weekly downtrend target I had labeled on my charts, and way ahead of time.
Amidst droves of hype, and news stories about Iran's contribution to global glut, and panic, oil             started rallying (typically, after reaching a sentiment extreme, clearly diagnosed by my mentor, Tim West, in his publication calling the bottom in oil             , with a 10 dollar downside risk, but potential for high 40s up).
The technical elements are there, we're approaching the end of the time for this downtrend, which implies