44 is very important for oil,for mid-term. We already effected longed at 44.5.Good R/R Tp1: $46.8 Tp2:$48-49 Tp3: to be advised after breaking out $49
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Layer oil production will possible reach the peak in 2017, which means that the growth might be lower down. Hopefully we'll see the effection to the oil price several month behind.