Top Trading Strategy for Oil

Oil appears to have completed an impulse wave, and is currently in a sideways corrective phase.  This is reasonable considering how much it has rallied so far.  The Kovach Momentum indicators suggest that we have reason to still be bullish.  Watch for more ranging, before another breakout.  Keep your eye on $36.92.  If we are wrong, it could break this lower bound and test the next Fibonacci level (50% which is significant!) at $35.82.