Morgan Stanley Thinks Bearish Headlines Are Priced Into Oil Already, Expects More Upside On Coming Positive Headlines As Short Squeeze Takes Place

Bullish Catalysts for Oil Are:

1. China stimulus,
2. Stability in China FX or confirmation on direction of US rate hike,
3. If Rig Counts start falling again, declining US Supply become dinner table talk again,
4. Easing in OPEC production,
5. Any form of "Emergency OPEC Meeting" headlines,
6. Congressional vote against Iran deal - could undermine confidence in success of the deal,
7. Data showing resilancey in US GDP.