Crude Oil on the Daily Chart has been in an uptrend since 5 June 2019 when it registered the low price at 50.542. Subsequently, the price displayed a series of higher tops and higher bottoms. On 11 July 2019, Crude Oil recorded the high price of 60.741. Applying Oscillator Analysis on the price chart, one can notice that price is trading above the SMA 60 period Moving Average line, a fact that confirms the upward direction of Black Gold. Furthermore, the MACD (Moving Average/Convergence Divergence) Oscillator is recording values above the zero line which hints to the bullish bias of the financial instrument. Additionally, the RSI (Relative Strength Index) Oscillator registers values above the fifty line which indicates positive sentiment. All three technical indicators are in agreement for the upward bias of the financial instrument. Applying the Fibonacci tool on the price chart, three price targets may be calculated. The first price target is estimated at 62.721 (161.8%). The second price target is seen at 66.927 (261.8%). The third price target is projected at 73.733 (423.6%). The first target was reached successfully. The Black Gold is currently trading above the uptrend line. Current price is 4.89 % above the last week close after a sharp rise in price during a period of heavy buying. Of course, supply and demand as well as the crowd sentiment will determine the course of Black Gold.