$UKOIL $XLE Monthly looks like a major bottom in crude is in. Long

Crude Oil (Brent)FXCM

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⋅ Mar 5, 2016 4:13 PM

Couple of nice bottoming tails on the Jan and Feb monthly bars. Squeezing in March so far. Major support at prior resistance around 33. IF it breaks and holds $40, then look out it could go on a monster run.