Price action likely to consolidate around weekly resistance at 39.63 before advancing to the next weekly resistance at 49.08 before pushing upwards to 50.68 where the physiologically important $50 oil mark will likely cause the liquidation of long positions and a sharp correction downwards.
Buy entry point at any failure to break before between 42.32 - 41.42
Buy entry point at any failure to break before between 42.32 - 41.42