Oil towards 65 or 35

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Quote from toc:

That's what I hope too as this chart shows a better flag in making and also indicators show the oversold territory. There is a Head and Shoulders in MACD but the support to overcome for the downside breakout is heavy and do not think this support at the neckline would be broken.

By the way, some analyst from Goldman Sachs predicted $105 for oil, but the rumor is Goldman has heavy long positions in Oil and they need prices to go higher so that they can liquidate. That's what these Ivy League analysts are good about.....misinformation and market manipulation.

I think it is going to take a Hummer running at full speed to break through the 20 year trendline in the short to intermeditate term.

 

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But then all this talk about commodities bull still in its infancy....by Jim Rogers etc. What is the take on the near term like 3-6 months.