With the oil fund bouncing off the weekly bottom trendline support at 9.17, and a green candle over candle formation and RSI issuance of a buy signal on the oversold bounce, a break over the 8ma at 10.60 and a previous candlestick resistance break over 11.09, price action could start to move towards major moving average bull crosses at the 100ma 11.94, 200ma 12.47, 50ma 13.29, and perhaps even a run to top trendline resistance around the upper $16's.