FED decision gives Oil support @ $70+When the FED paused giving guidance for coming Rate Hikes was a big step in giving Oil relief from months of being battered by Bank Crises, Debt Ceiling Crises, and FED Rate Hike Decisions which caused the market unnecessary pressure as the FED seemed to stumble through each event but putting these issues now on the backburner has given Oil a chance to rebound to $70+ Oil a baseline for which has Oil seemingly finding its support and without the FED being the main focus Oil can now respond on any bullish drivers which might arise in the coming months where before we have seen bullish drivers being ignored in the face of the FED uncertainty. $70+ Oil CPG, BTE, and ATH are all still pumping dollar bills from the ground 24/7 with a few hiccups that usually resolve themselves days later returning to $70+ Oil, and at the same time these 3 Oil Plays have all added to increasing production one way or another yet the market has been treating these Billion Dollar companies by putting them in the red not being justifiable in my eyes. The US, since the Rate Hikes started last year, has offered supporting Oil if it should fall to $70+ by ways of refilling SPR which could see the US putting in an order of 100+Mil barrels purchased in the coming months while at the same time, OPEC wants Oil over $70+ and I'm a true believer that Oil will rally if it's from China Stimulus Package or Russia having their Oil delivery infrastructure disrupted and let's not leave out Iran and the US Oil Tanker seizures possibly going wrong but seeing Oil over $70+ should be looked at as mildly bullish for now. These Oil Plays have been beaten up enough and I'm bullish as we head into the summer.