This mornings explanation , by the press , of the oil price increase [ top at 54.89] was America worried about short supply for the coming winter . lol
My oil targets based from the article I wrote in late August were for a top then at 48/49 [top came in at 49.40 ? from memory ] but I also added the double bottom target implied 55.00 .
Right now and like when I posted the article in August , I am not sure if it will be relevant but it may cause some reaction in the price so be warned . Would of been better if it came on change of contract though . Note I'm not saying oil is going down but we may get a reaction .
