We've been looking technically quite gloomy for some time now,...

We've been looking technically quite gloomy for some time now, but if I'm not mistaken, we've just crossed up above our 20 day moving average for the first time since October (great timing to do that in early January!). Oil also seems to have turned the corner, last week was the best for over six months and we're still climbing further above the low of xmas eve.

A light seems to be shining over our shoulder. Thoughts?