I see a nice shape on the daily, as well as in the 505 chart. smooth and fine rounding occuring.. i think you have good odds this runs.. huge volume on todays last candle.. the last time this much volume showed was back on the 21st. and it was a sell candle. are those shorts covering?
first major moving avg resistance in the rainbow is 118.43ish. good luck bro.
now back to shorting oil. short 1 contract @ 47.17 stop @ 47.25 $80 dollar loss plus 4 bucks commissions. target 46.93