I think it is likely. Since my last posting (link below) oil has risen from 43.69 to 49.68. It is close to my current target and has developed a bearish divergence in the RSI. Volume has gone up most of this time period but is now startiing to fall. Personally I will be taken profits soon esp if the target is hit or the shorter term dashed uptrend line is broken. Take care. Good trading to you.
