Weak corrective move
Kommentar:
In any way, low 50s is achievable in the summer, to make another lower high at least
Kommentar:
Essentially, the reflation wave then implies sharp moves up while in between prolonged consolidation
Kommentar:
First upleg was 4 months Feb 2016-May 2016, followed by many months now of consolidation in a range
Kommentar:
47 was reclaimed which is good
Kommentar:
Solid uptick today
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Working quite nicely. Lets see next week with Opec and Iran
Kommentar:
Net spec positioning is neutral, has been cut down significantly
