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Oil Collapse Over?

Oil Collapse Over?

Crude Oil WTI NYMEX:CL1!

3-4 months of hammering at a low. Starting this month well. Oscillators show oil had been even more oversold than 08/09 collapse. Trying to lift of long term rising support. Volume rose and peaked at the low suggesting capitation. Everyone and their dog knows the globe is oversupplied and there is no shortage of oil. Funny how at 147 the world was running out of oil. I am a bull from here and suspect higher prices to come; likely will be choppy on the way up with many chances to build a position. Have no idea how high it goes before stalling.