/CL (crude oil futures )reversed off the 54.90 support while extending the existing bullish divergences at that marginal new low with the next buy signal still to come on an impulsive break above the downtrend line as well as the 56.70ish resistance level which has capped all advances in recent sessions. Previous (yesterday’s) and updated 60-minute charts below.

click first chart to expand, then click on right of chart to advance to the next expanded chart

For ETF/ETN traders, I will add the charts of USO and/or DWT (1x & 3x bullish crude ETNs) in the comment section below this post asap.