USD weakness could prolong the corrective retrace into $62-75 range
Comment: The multimonth volative consolidation most likely finishes late Feb (seems to me FOMC mins 22 FEB look interesting in that respect? Watch out potential down to 49/50 before final upleg into 60s. Highly volatile this
Comment: Critical 1/2 week period for oil. I still expect to see low 60s into summer, but needs USD devaluation.