Not much to say. The deal rejuvenated oil. Daily and Weekly are bullish with nice volume to accomodate the increase. Oil should be $60+ by year end
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Despite my short-term short positions in oil I still think that long-term oil is going up. Holding on my long position. I was wrong in terms of time frame selection. Maybe Q2 oil will see $60.
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Still think we will see $60 this year. We just need correction first so that shorts and producers (Who are net short) are satisfied.