Will this be a resistance area and we decline back down from 50? Or will we
test this level and then consolidate sideways before continuing the “Great
2016 Oil Price Recovery”
We think the latter. Demand is surprising to the upside, and production
is continuing to decline. Fundamentals are about to take hold of the oil market
and that is a good thing.
We in the oil business will do our part to make America Great Again! We are
ready to win again, we want to win so much, we will get tired of winning!