The more it waits at these levels of prices, the greater the negative perception of it to the 20$ per barrel, and from there we will see great support levels that see it as it is currently at least.
And the basics don't say that there is a solution to the oil war in the short and medium term, and knowing that this war began with Russia’s refusal to reduce its production in order not to allow the American oil companies to increase the production of shale oil and than take over their market share, and this may Russia prepared for it before and increased its reserves in gold, so that it can now stand up to these price drop.
And the basics don't say that there is a solution to the oil war in the short and medium term, and knowing that this war began with Russia’s refusal to reduce its production in order not to allow the American oil companies to increase the production of shale oil and than take over their market share, and this may Russia prepared for it before and increased its reserves in gold, so that it can now stand up to these price drop.
Comment:
careful, if the debt bubble burst, and the dollar starts to dive, this the only reason that make the oil push up from here.
Trade closed manually:
We can start taking some profits, and placing the rest of stops in profit areas.
Trade closed: target reached