RE: Market Update3 Nov 2016 11:02
NWCS Ive been calling a retrace on oil from $53 (and was ridiculed for it!) but it dropped $7 to 46.5x at approx 4.30p low and that is where I believe the new, long trend has shown itself.
There will be dips and it may have one short reversal but not in the region of several $s.
Overall IMO the long term trend is upwards here - 50s very soon and poss 60s by end of year?? Possibility!!
ALL IMHO.