the move higher couple of weeks ago was unjustified, but the market is still reacting to it and going up unless we get some news from OPEC ( who are controlling the move of oil with their rumors every couple of months and their HIDDEN AGENDA ) i think oil will keep on rallying until the end of 2016 and beginning of the 2017. eventually OIL has to be at 60 area , up and down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.