bias above 35.40 on WTI Its overall a technical setup. We broke out of a ,
price is above the 2016 open high (Positive for the year) and above the 8 and the 200 . is
struggling for momentum signaling a possible short term pullback.
to bounce off .
Fundamentally: Doha meeting with OPEC and non OPEC countries to discuss a possible
freeze in production failed to reach an agreement Sunday on a production freeze, saying
officials needed "more time" to make the decision as Iran stayed home and vowed to keep
pumping. Last OPEC meeting was in December.
Wait to see how the markets react off this Key news event.