Ok so this is CL daily chart from Futuresource.com. As you can see we are about to hit resistance at 50.00 area. Now what I am thinking will happen is that around the resistance, people will begin to sell thinking that the market is still short, so it will bounce at first.I believe that the market will be caught short, so it will begin buying back on that small bounce, which will begin the uptrend. Using the usual breakout tp calculations (H-L)+H, you get a target of about 65 before a retrace.

Lets see how right I am.