If we break the $55 handle $70 is eligible target

FX:UKOIL   CFDs on Crude Oil (Brent)
190 0 10
please see chart
Comment: my view for early 2017
Goldman Sachs expecting $59-$60 early 2107, I am still holding my longs (long term investment low margin positions from $44.5 and $45.6)
I wont recommend oil day trading as I am expecting complex correction with sharp dips toward the high 40s after we touch the 60 handle, remember that we are in corrective mode, 2016 was good to me, let us hope for a good 2017 as well
Comment: OPEC not extending cuts beyond 6-months is bullish for oil prices
happy new year
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