My issue here is volume. This is breaking out on no volume. Meaning it’s not smart money that’s moving this higher. I think the institutions let the price get where they want it then drop the hammer. I really need to see oil make a new high before I can get bullish
@4thewin, Good comment. I think volume showed its hands in the last 2 dips. We see massive dip buying at the lows, which is a good sign that it can go higher. That's not to say bears can't come in force and slam it down, but I'm drawing lines and triangles. Not predicting the future.