Has Crude Oil Started A New Intermediate Cycle ?

If we got a convincing rally above the 10 week moving average this coming week, then crude oil could have just started a brand new intermediate cycle. This coming week will be 33 weeks since that December low last year. We definitely are in the timing band. Lets see what this week brings. $56.22 per barrel is the first line in the sand the crude oil price needs to cross.

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