2. The fundamentals are still with the increased regional political risk and the tepid response in the shale sector.
3. But the leading indicators of the RSI14 and the strongly indicate a potential short term pullback to 59 within the current bull range or possibly even to 58 if crude goes back to the original bull range set in Sep - Oct.
I see a potential retrace but still believe the fundamentals support a long position until the SA happens.