According to the first views that offers a possible administration (USA Trump system on) more favorable with russia in the punctual, to stabilize the price of the oil, it is also very possibly that his prices in the future.
CL is hovering around resistance at 49.18. Next levels up are 50.03, 50.87, and 51.80.
Possible LONG trade on CL D1 Otherwise we'll go down back to previous resistance @41.29
After the production agreement between Russia and Saudi Arabia, it is possible that the imbalance between supply and demand decreases and even set aside in coming months. Based on this statement and Fibonnaci retracemen of previous days rally, while the pet'roleo is over USD28 is likely to advance to USD38 .