I base much of my assessment of OIL on the fact that it dosnt...

I base much of my assessment of OIL on the fact that it dosnt usually stay still.

The Average price for OIL may be around 60-70 over the next 2 years, But the Chart shows a high chance of a monster P&D within 2 years, and a few resistance lines point to 100 being the target for that resistance.

That and GOLD being in the Box seat to now break either way,

In the case of Both Gold and OIL, the Base has been tested, its set and done for now.

The next big move will be up, and I think the Fundamentals Story will be written after it moves.

The amount of new Cash as debt thats been written in QE 1,2,3 , 7,8 etc, is off the scale.

So much cash in Bonds getting no yield, any Bull run to OIL and Gold will attract money like flies to sheit.

Its set up to go, the question is if it snaps or slow burns, but the risk is to the upside.

Any new offer on WOR wont be $11.80, more like $14 plus.

The risk of WOR going to $7- or to $15- is about the same.

But its been there done that to the down side, Top side hasnt overbought yet.

The weighted probability IMO is a peak of $14 this year,