- Market sentiment has been fickle but news on the ground remain bullish that this turn up is for good
- Others see this as a short term Q1 dead cat bounce due to on-going view for a 17th April meeting
- Short covering rally but is this the bottom here?
- Recent pain trade is to try and short oil while risk reward remain skewed for a retest lower
- Catalyst for higher prices remain either a severe production cut or a potential geo-political instability