Crude Oil futures /CL have bottomed out and appear to be rallying up to 56, at least; with a resistance at 60.
The MACD and OBV are supportive of the move, and the daily chart registered a double bottom with a recent high breakout.
Chart speaks for itself as it is an obvious reversal pattern. Confirmation there is a higher low, and it break the next high.
The MACD and OBV are supportive of the move, and the daily chart registered a double bottom with a recent high breakout.
Chart speaks for itself as it is an obvious reversal pattern. Confirmation there is a higher low, and it break the next high.
