USOIL 1H FRAME

The immediate trend in this case is bullish and price will continue this way unless something sudden occurs. A price move to or above $60 in January or February 2017 is expected. An intraday dip (wave (iv) ) may happen at some point to $52-$54, but it seems price’s response to OPEC meeting in Vienna is not ready to wane anytime soon.

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