#Brent crude oil cleared 200dma again - bullish

Chart speaks for itself.. after failing below the 200dma oil has managed to climb back and hold above the 200dma (green).. it has also broken a downtrend which has kept price action moving lower. over the last couple of weeks. odds are for higher oil prices from here.. I have seasonality only peaking at the end of September so it would then suggest we can expect a move higher throughout September