Hedge funds excepct a breakdown here. "The volume and breadth of the decline this week show that there was massive liquidation". We know well that the price is near trend lines anything might happen so it's time to watch it carefully. In case of downmove the target is gonna be at 45.00 zone.
Comment:
During last week oil speculators added almost 80,000 contracts to their short positions - the 2nd most in 34 years.
