Oil price volatility has been absent since December, and as one of our team members, Pain Capital, said in his Daily Pain on 1/18 : HFI Research remains bullish on oil prices and believe we could see WTI hit $70 by Q3 2017, however, the short-term price action and fundamentals continue to support a ranged price action. We do not see catalysts kicking in for oil until the start of Q2 2016.