| Instrument | View | Target | Level Today | COT Report | View | Date |
| Oil | Oil has been on a downward spiral as of late. OPEC is still contemplating increased oil cuts to fight the oil glut but US Shale is still causing imbalanced in the market. Oil has found support on its 200 M at $49. We expect this support area to hold or it may bounce at the 50% retracement level at 48.49. and try to test $52 level again. | $52 | 49.42 | Still hold over 400,000 long positions with Commercials still hedging | Bullish | 4/25/17 |
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