Crude oil is trading at 6-month highs today on news that the U.S. will end Iran sanction waivers.
This news has WTI Crude Oil attempting to breakout of its recent consolidation.
The move higher has also put Crude Oil above our MFU-4 level of $64.
This opens up the possibility of rallying to our next target of $69.
The near-term trend continues to be bullish.
We noted in a recent research article that April tends to kick off the start of a positive 3-month period for energy stocks as measured by OIH.
Crude Oil Chart
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