Obviously today was a win for the bulls and the green close got price a little further away from slipping into the abyss. I think if we can get over and hold $46.00 and break the descending trend line bulls have a good shot at $48. Tues API and Weds EIA typically do not change a longer term trend but they can wreak havoc on existing positions or give good entries.
FibonacciTrend AnalysisTrend Lines

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