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.