Crude oil bulls look to have regained control of price action after sending the commodity 7% higher so far this week. Oil prices now trade comfortably above prior resistance posed by the $62.00-handle with robust economic data likely helping fuel the move. This brings to focus potential for crude oil prices to continue its rebound back toward year-to-date highs. {chart} Crude oil price action breaking out above $62.00/bbl coincided with a bullish MACD crossover and upswing in the relative strength index. This followed a breakout from an apparent falling wedge pattern, which are often formed during periods of ... (full story)