If you look at my previous posts on oil
you will see although I exited early (the chicken effect I guess) the initial target was eventually hit. I would not be surprised to see a 50% correction (to around 39) or even a 70.7 % correction back to the long term down trend line
which is now broken (around 33-34). I still favor that after this correction we may well have a good sized rally to new near term highs. Take care. Have a great week.