temporarly high in June`16 around 52
temporarly high in August`16 around 51
temporarly high in October `16 around 53
First target should 54 $ in BCOUSD - throughtout December 2016.
And in the 1st Quarter 2017 we could see prices above 60 ?!
Not only OPEC Policy support maeks me bullish
also technical turnaround ...
Not so long ago I heard big investors saying that they would buy Oil significantly below 80 and sell significantly above 80.
I also read that anything below $28 and that the financing for oil projects became too expensive and oil producing nations would not be able to maintain any production.
My plan now would be ...
This was a historic agreement with a decent proposed cut, pushing the brent up to more than 15% in 2 days.
I expect more positive news flow next week when Opec will discuss with Non-Opec members.
Given the fact that Russia has already agreed to a gradual cut, it's likely that other non-opec members will also agree ...
yes, seems like there are still some room with Crude, close the short from 50+ level, waiting contract exchange and be prepared to buy, buy the way..... It looks like UKOIL (Jan. contract) ready to buy (check the link)