Target of 60 USD looks pretty realistic, specially, knowing that supply from Iran develops really slowly, US production is falling and oil import is growing, China increases oil importation and will do so until 2018. Plus, not many people are not talking about it yet but India has to be taken into account as they are ready to step in as an important player.
First option: light agreement version. (70% of probability)
"We´ve set all important points, Russia and SA will not increase their production further but we do not repond for the rest. Both Russia and SA will closely monitor the situation and take necessary measures in real time. OPEC meeting in June will clarify the situation further. Russia will be invited".
Second option: strong agreement and full understanding. (10% of probabilty)
Russia and OPEC agreed to freeze the production on January levels and agreed all necessary points to start reducing the production in June. To be formalized in June OPEC + Russia meeting.
Third option no agreement at all: (20% of probability)
We couldn´t find any understading and from now moving on everybody is on its own. Maybe we will re-start conversations on June
If we are down on Doha and the quote set new lows, will buy as much as I can.
If the FED doesn´t bring us any surprise which may result in a short term decline in commodities, I post in comments my forecast for Oil prices based on Wave analysis and Fibo retracements. Hope it accomplishes to the cent as I will definitely invest on it =)