Wednesday February 20th, 2019 by Mike Paulenoff Crude Oil-- Houston, we have ignition! Crude Oil has clawed its way above key multi-month resistance lodged from 53.80 to 55.50, and has accelerated to a new 3 month high at 57.46, so far, in route to my next optimal upside target of 68.75 to 60.50. Only a downside reversal and decline beneath 55.8=65 will compromise the current, promising set up as the Crude Oil price structure emerges from a huge accumulation period... Last is 57.39/40.... The Model Portfolio remains long UCO at 18.94... Last is 20.01/02... $USO $UCO Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.