WTI Roadmap May 2017

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

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