I took another chart and placed fib lines on it.So far if we atke the 2 $ last top and the 0.6 as bottom we are passed 50 % level .Could be we reach 68% level at 1.5 $ average.

some good points are the acccumulation which is rising since long time agin and very high volumes.So the sellers don't have cntrol so far.

Now this spike could also be triggered by technical moves on the chart.Once a resistance is broken the buying starts due to technical event.

I didn't look up to other oil sands but I assume that there is the same uptrend if I read the post over here.IMO we can reach the 2 $ within some weeks if there is something going on.

RSI is now in overbought conditions but in an uptrend the indicator can stay there for a while.Some economic indicators let see some improvement specially in bank stocks and tech.So overreaction on the downside is now coming to a more acceptable value.

CL is a long time play and due to the crisis will take some more time .So like Jurek said "as long as the music plays" trend will stay up.But we can assume downtrend is broken too and there is now more possitivism ahead then it was before.