WTI crude oil futures are testing highs for the year near $52/barrel this morning. As evidenced by the following chart a clean, virtually symmetrical H&S bottom pattern can be made out:

Zooming out to a longer term chart we can see just how significant a breakout above $52/barrel could be:


Given that the late-2014 crash occurred in textbook crash fashion with multiple gaps and volume-by-price "air pockets" it wouldn't be unreasonable to see oil rally back into the mid-$70s over the coming months as the recognition of a long term bottom gains traction.

One way to play additional upside in crude oil is through frack sand companies that sell the premium fracking sand that is in high demand in mega-frack wells (shale oil). One stock which has had our attention for nearly a year, Select Sands (SNS.V), has rallied impressively in recent months and could quickly vault above C$1.00/share:


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