The March crude oil contract was a bit lower last week as the range was tighter than the previous two weeks. There is still key resistance in the $56 area, line a, and a move above this level would really get the market's attention. The weekly A/D line has also made a new high. A strong close above $138 is needed to confirm an upside breakout. As I noted last week a "higher close this week with positive A/D numbers will indicate the Trump rally has resumed".

Source: Forbes January 28, 2017 16:43 UTC