Oil prices will need a retracement depending on Weekly chart, because of the political and geo-political risk on OIL prices can go higher without a retracement. Question mark implies this possibility. One way or another prices will go higher for long term ( 1 - 2 years).
USOIL Weekly Chart;
Double bottom formed with price closing above its 3 month high of 15.87 all on strong volume.
All oscillators look green now looking for a long bias trade setup.
