CL Finally pushing through 45. CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:CL1! WadeYendall CL just spent 26 weeks working this tight range below the 45 resistance area and appears to be trying to push through. If it succeeds the 55 area could act as a magnet for price and if the upper trend line were to be broken... look out. There hasn't been any bull case for oil in quite some time. If there is one I suppose it would have to do with the fact the under a Biden administration there would be much less drilling therefore less product and therefore higher prices. That coupled with the re-opening trade could in theory give OIL a bullish push. Price could easily reject here, but it is definitely worth keeping an eye on. Many oil names have made significant moves this past few weeks.