CL is setting up well for a fresh rally leg. Pierced key overhead trendline(links Sept/Dec highs) in late January. Very solid support underneath($63-$64). Heading for second straight weekly close above the 200 day moving average. Would be first time since January of 2018. CL is a low risk long. A close back below $63.00 would be a clear warning sign that the 200 day is still in control.
At time of publication we are long CL in some managed accounts.