8% move so far over the last 11 days and we can see that the price action is testing the 200 Day MA from below now, after successfully getting above the 50 Day MA and holding a strong support on the 0.78 Fib at $70.
A flip of the 200 Day MA at $77.50 to support and OIL is in a strong position to move higher to our Wave 3 target over the next few months.
$OXY is my preferred buy to take advantage of this move.