8 Years after OPEC cut the production fundamentally this is good news for crudeoil. Technically long term chart showing a head and shoulder pattern and recently formed a double bottom this is a strong sign for uptrend so crude will touch 60$ again BUY CRUDEOIL @ CMP 47.55 - 15 AVERAGE IF COME 45.80 AND 43.40 STOPLOSS 42.30 TARGET 61$