Updated Oil Chart
So far in 2016 I have had some good luck getting the direction of crude oil correct. On Jan 21, 2016 I suggested that oil was about to rally, then on Feb. 17, 2016 I showed that when a cluster of large rallies in oil happen they seem to occur at major bottoms. Finally, on Mar. 4, 2016 I posted a chart suggesting if $34 was achieved to the upside $41-42 was the target. Now I feel like pushing my luck with a new chart. A more bullish chart.