Time for some OIL -- in breakout mode

I am not trading on Friday, so I thought to have a look at some charts. After watching Adam's video from market club, I had a look at oil.  I see oil coming. It is in the trading range, and with the sell off of USD , momentum is building up,  chances are, we will be seeing a upside breakout. My dumb prediction? 70-ish as first target. Let's see how it goes. And...what do you think it will affect the equity market?hmm...are you still holding Long positions?

Here is the ....CHART! (Click to view full chart)

Here are some technical statistics:

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