Browse Symbol Stacks: USO: CL_Daily_June022015.jpg


With the bull flag breakout in /cl underway, let's look at potential targets higher. 

/cl could not even correct down to 38.2% of the move off the low of the year, indicating a VERY strong trend move higher. 

Should the current high of year (62.58) break: 

1. 63.72 (Dec. 1, 2014 low) 
2. 67.15 (2010 low) 
3. 74.95 (2011 low + volume profile key area) 
4. 76.668 (AB=CD target)


I think that the 200 dma for WTIC (currently at $65.70) will stop this move or at least force a real correction. 6/2/15