Good Week and great profits for everyone!!
It's obvious that oil must get to 50$~ area.
** it's the interests of all oil producing countries to make such announcements that lift the oil prices up so there will be no need for OPEC freezing.
**If the oil price remains 40$~, there will be OPEC meeting and probably then the oil prices get to 50$~.
Either way, oil must go up.
Why am I still SHORT on it? Because I do think the real price should be around 40$, and only when it comes to that price zone the oil producing countries will start the rally.
---But I don't try to fight the market, but surf on it. So today, if the price breaks the resistance of 45.22 I will close the position and suffer the losses. If it won't be able to break it, I still think we have some room to go down.