It was a dead give away in Feb of 2016 that Crude Oil had hit a bottom and found its support level (MACD and WT). It will probably test resistance in the cloud at second and third fib levels in the coming year at $60 to $70. Now what can likely happen, is a double bottom forming back to $30-40 range later this year or early in 2018. This will likely drive a quick bull run into the cloud range later in 2018 and early 2019.