Sign of weakening US data and OPEC proposed 5% output cut roar market

We are not sure if this going to be a catalyst. But we think oil should be around USD 40 – 50 as a better value to reflect efforts of exploration.

Weakening data will give pressure for FED to ease it’s momentum for rate hike.  We are not sure is this round but a good sign to end the early 2016 starting problem.