LCrude Will Continue Climbing

The LCrude charts this week could have been used for a trading textbook illustration.

The pinbar on the weekly time frame was a clear signal for a move to the upside and after a short retracement in the past two days it sharply moved north, which was completely expected.
It is important to see how the weekly bar will close tomorrow, but my expectation is that it will do so around $44.65 – $44.80.

If we examine the large time frames, i.e. the weekly and the monthly ones, it becomes clear that the most probable scenario is a further move to the upside towards $65. That move will need time to develop, but it is very likely to happen.