Crude is squeezing right back to that magic $33 level. The charts are setting up well for a move out of this current range with a little inverse head and shoulders on the hourly chart.
Over the next few weeks, I think Crude has a decent shot to make its way back to the high 30’s. This is the best, most bullish, I’ve felt about the commodity. We got to get through $33 first, let’s see how it plays out:
