Price moved above a topside trend line on the daily chart
The price of crude oil has continued its move to the upside. The price has been up for 6 consecutive days. The high price just extended to $61.47. That is the highest level since September 17.
Technically, the price moved above a topside trend line at $61.24 on the daily chart. If the price can stay above that line, the buyers will keep firm control. The September high price spiked up to $63.38.. That is the next target on the daily chart