RobertSoos
Long

Strong bullish momentum in oil market

FX:USOIL   Crude Oil (WTI)
US oil             output in decline, rig count data dropped below 500; these are the two main fundamental drivers of WTI crude oil             . I expect to see profit taking in oil             longs around the 41-42.50 levels.

In FX watch out for CAD and NOK             directions.
Very interesting to see this weeks inventory data as Doha meeting is approaching. Wouldn't be surprised to see a break above 44$ in crude oil.
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