Crude oil price resumes its positive trading in attempt to move away from 60.00 barrier, to keep the bullish trend scenario active on the intraday and short term basis, supported by the EMA50, reminding you that next target is located at 62.30, while holding above 59.00 represents key condition to continue the suggested rise.
Given the history of oil and the price patterns from the past, I believe that oil is to be given time. Right now would be a tough time for decide but in the end of the upcoming quarter oil would most likely be on a big run.