The tide seems to turn for Crude. See for signs on the chart. Ideally I would say a close above 54 (taking out two previous monthly highs) would really make me bullish. It is not going to 100 again this year. But between 70 and 85 is technically possible (see related idea).
The other scenario is a close far below (<45). This could trigger another leg down to 30-20.
DAILY: New attack on the 50 MA. A close above reaches the 50-54 area
WEEKLY: Strong divergence
MONTHLY: Crossover Momentum indicator. Nice tail forming on CS
The other scenario is a close far below (<45). This could trigger another leg down to 30-20.
DAILY: New attack on the 50 MA. A close above reaches the 50-54 area
WEEKLY: Strong divergence
MONTHLY: Crossover Momentum indicator. Nice tail forming on CS
