My WAG -- IF price can rally and hold above 55.00, we could see a retest of 65.00 in short order...a pop and hold above 50.00 is, however, the first order of the day -- see the Monthly chart below of Crude Oil.
My gut currently favours the long side...of course, I'm not always right, so do your own due diligence.
* UPDATE August 11th:
In view of President Trump's proffered comments today regarding Venezuela, Oil Bears BEWARE!
