Not much to say. The deal rejuvenated oil . Daily and Weekly are bullish with nice volume to accomodate the increase. Oil should be $60+ by year end
Despite my short-term short positions in oil I still think that long-term oil is going up. Holding on my long position. I was wrong in terms of time frame selection. Maybe Q2 oil will see $60.
Still think we will see $60 this year. We just need correction first so that shorts and producers (Who are net short) are satisfied.