Crude Oil on the Daily Chart has been in an uptrend since 24 December 2018 when it registered the low price at 42.206. Subsequently, the price displayed a series of higher tops and higher bottoms. On 23 April 2019, Crude Oil recorded the high price of 65.943. 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 in the overbought zone after an increase in buying and excess of net gain. 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 65.71 (161.8%). The second price target is seen at 67.42 (261.8%). The third price target is projected at 70.19 (423.6%). The first target was reached successfully. The Black Gold is currently trading above the uptrend line. Of course, supply and demand as well as the crowd sentiment will determine the course of Black Gold.