Black line shows what I think will happen. Oil will move up until end of buying new contracts this month, then settle lower as people take profits throughout. The same thing happened last month with profit taking adding 3$ to price of oil.
The other line is the extreme of the same idea, the higher up it goes, the more profit taking will happen. Either way, don't expect the big move to happen until next month and new contracts. However, if Obama decides to put 100,000 soldiers on the ground in Syria tomorrow, I may need to change things around. He probably wont.
The other line is the extreme of the same idea, the higher up it goes, the more profit taking will happen. Either way, don't expect the big move to happen until next month and new contracts. However, if Obama decides to put 100,000 soldiers on the ground in Syria tomorrow, I may need to change things around. He probably wont.