Trend reversal confirmed for Oil...Oil being up close to $2 is screaming trend reversal so this is setting up next week for gains. Oil could tighten up extremely fast if the US starts seizing Iranian Oil Tankers so the trouble brewing on top of OPEC cuts could push Oil well past $80+. I felt exposed saying that Oil would turn bullish over a week when headlines drilled fear into the markets but look at today's Oil being this bullish on a Friday one couldn't ask for a better way to end this week.