Crude oil prices are still building a large base

crude oil Technical highlights:

• STI crude oil remains largely a mess in the short term
• However, the longer-term chart shows that a bullish base is being established

Short-term trading in Crude Oil requires it to move with every twist and turn, but overall price action since the summer reeks of building a base. This should bode well for oil at some point, but traders may need to be patient before making any moves.

Ideally,…