Two things have happened :-
1. Cut in oil production ( even if only for short term )
2. Fed Hike - Bullish Dollar
From the lows of 28 to currently at 55 -- Crude has still enough strength left to go higher towards 67 - 70 by April 2017.
Crude now in Wave c after breaking the upper resistance of 52 -- lets wait for it to come down to 50 to average for targets of 67....
1. Cut in oil production ( even if only for short term )
2. Fed Hike - Bullish Dollar
From the lows of 28 to currently at 55 -- Crude has still enough strength left to go higher towards 67 - 70 by April 2017.
Crude now in Wave c after breaking the upper resistance of 52 -- lets wait for it to come down to 50 to average for targets of 67....
