Rig updated

アップデート済
My previous analysis now seems a bit optimistic. The larger picture is still unchanged though.

Several points:
1. Rig is the leader in OSD so the strength of the overall market helps a lot
2. The market is pricing in a lot of the negative news. Even if no deal in this OPEC meeting, any news on continuous deal efforts could keep oil bears in check
3. There is a strong technical support around $8.70-$8.80 area
4. $11.35 still obtainable by year end
5. The blue and red arrow provide 2 likely path for the next few days
コメント
So far the prediction is on target.

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