The bull flag in crude oil has successfully worked off the overbought conditions (4hr chart) from the breakout last week. Pushing up against falling resistance on the flag. On a breakout, the measured move would target $49, which is also prior support from February $CL_F $WTI pic.twitter.com/ils2YijLA9

— Tarek I. Saab (@FibLines) December 2, 2020