BRENT CRUDE OIL(USOIL): TOO HARD TO DIE?

LONG TERM: The 12 years weekness of oil remains with extremes like the one we witnnessed in March.Long term trend remains bearish unless the 62$ level will upside broken.Until then we are expecting volatility between 20$-50$.
SHORT TERM: We stay in our point as described in last analysis :”We can now (58.50$) re open long positions aiming 63.00$.Stop loss at 56.50$”.