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Actionable news in XIV: VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN,

Oil is going to $60—here's why: Technician

Oil just posted its longest winning streak since April 2015, surging nearly 20 percent in the last six sessions. But if you missed out on the recent rally, one technician says there are many more gains to be had.

"Near term, oil is heading back to that important $50 level," Ari Wald told CNBC's "Futures Now" on Thursday. And once that happens, the sky is the limit, he explained.

"Now is the time to be playing for a breakout," said Oppenheimer's head of...


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