Crude oil, as previously heads up, has broken out of its triangle decisively.
It is now needed to clear 120 to continue its uptrend comfortably, with a near term target of 125.
Nonetheless, daily technicals are supportive, with bullish candlestick patterns, so 125 target is deemed reasonably attainable.
Longer term upside targets are 155-160, by early June, which is a little quick on the rise IMHO.
*updated chart from previously, with slight adjustments.
It is now needed to clear 120 to continue its uptrend comfortably, with a near term target of 125.
Nonetheless, daily technicals are supportive, with bullish candlestick patterns, so 125 target is deemed reasonably attainable.
Longer term upside targets are 155-160, by early June, which is a little quick on the rise IMHO.
*updated chart from previously, with slight adjustments.
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