Price want to break back up, but not sure there is enough force

30 Kas 2016

We've broke an important trendline back in 2015. So far the recent upswings seems more like a mere correction for an impulsive move downwards in the longer run. There is a lot of resistance just above now at 50-52, so be careful with your longs, -still if OPEC reaches a deal today. Look at the increasing volume as well since the downward movement started summer 2014.

1 Ara 2016

Not

Pushing on the monthly trendline now