NYMEX:CLH2017   Crude Oil Futures (Mar 2017)
4
Potential upside breakout forming. Not much follow through to the downside from the last high "extreme" and price is currently sitting in a triangle. Trade above 54.30 would be a breakout from the 2-week range. Momentum might make a push toward 55.50. Trade below 53.50 would dismiss the triangle theory. 56.00 double top still in control, for now.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.