Notes are in chart, but if you look at the big picture versus the individual parts you can start to see that the upside potential is waning on this bull move. Not disputing or saying there is no possibility of a move to 55 but fundamentally I think it lost traction to get there. PT's are in chart but I think realistically PT 3 is about as far as it will slide. One thing to consider are the effects of two major wild cards A.) Iran Sanctions and B.) Aramco IPO these could help the bull breakout to 55 but if it becomes noise, and our dear president has a propensity for creating noise then I predict that these factors would be the catalyst to have fundamentals once again steer the course. My personal take is that oil is fundamentally driven but the change of directions are highly influenced by by external factors. GLTA I currently have a sizeable position in sco with a pps avg of 34.50. as always just an opinion and the trend is in the eye of the beholder. GLTA and do your DD.