Interesting phenomenon—this week's rally in crude oil seems to correspond with changes in geopolitical dynamics. From a technical perspective, USOIL may have already reached a mid-term low three weeks ago. The key now is whether the weekly chart can break above the 20-week moving average. If the breakout succeeds, there is further upside potential directly toward the upper band. Such moments are often the result of the combined effects of geopolitical premium and technical breakthroughs.