This also happens to hurt Russia and their currency, which would be something I'd expect to see favored by the US, to slow down Russia's momentum strategically, at this crucial point in time. But hey 'Didn't Trump praise Putin?', well yes, but: http://www.zerohedge.com/news/2016-12-26/us-prepares-sell-its-oil-reserves
Despite what the narrative and the rhetoric is, actions of the different actors speak louder, the thing is being able to figure out when fundamentals and logic start to matter more than momentum and social mood. Let's keep an eye on oil around here, if it doesn't hit the target I labeled on chart in time, it's likely to sell off. A move under support, will see oil drop to the levels below as signaled on the chart.
If it doesn't and the uptrend time expires without reaching the target, we could expect a downtrend to start.
My mentor, Tim West, discovered a way of analyzing the distribution and accumulation patterns, and thus, how trends work, which produces good results. You can watch his youtube channel for a primer on it. If interested in learning more about it, message me via pm.