is showing not much strenght until now.

Macd and rsi no sign so far to recover.

Sp has almost touched the 50 ma which could act as support.So far no trend to go up.Will have to wait upon news coming but don't think we will quickly smash the recent 5.25 high even we have good reserve #.

If we look to the media artickles from China and Saoudi and other countries there will be an attempt to lower the oil price.

I took the oil price chart and you could see that all indicators are placing lower tops while oil tend to go up so I think the uptrend lost momentum .Those who think of 200 oil price this year are wrong I suppose.So this could affect CLL's perfoming in short term to go to new highs over 6 $.