As you can see Oil slowly returns to a huge Ascending Channel which has started in 1999. As long as Oil is inside of the Channel (or close to it) I am great believer of Oil rise. Due to a symmetry I suppose that we could see a huge move till the top of the channel with possible break (or not?) at a middle of a channel. If this setup comes true you were bought at the bottom of the channel and could sell at the top of the channel - that's what every trader dreams about. However, if Oil leaves a channel we could see rush FALL till 20+ area or lower which could mean that all who has leveraged could loose a capital. So, RR is about 1:2. Trade looks to be really danger, so Risk Management is a mandatory (if you just press BUY button with no thinking about risk management of a trade, you probably loose a lot (or everything)). If you have no skills or experience to manage risks, better stay away from Oil now.
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How nice is a dynamics! Wow!
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Good dynamics.
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The dangerous asset. A rigorous risk management is mandatory.