Sforex
Short

OIL DARK FORCE WANTS OIL FALLS

NYMEX:CL2!   LIGHT CRUDE OIL FUTURES
75 0 2
I begin weekly analysis with oil             first.

Last week, oil             bounced back from the month low $41.22 and tested strong resistance at $44

Look at on the chart, oil             fell under the old range and the strong support became strong resistance.

I don't believe Oil             could break this strong resistance and favor more agressive downtrend to year low $28.45

THE PROBLEM DOESN'T COME FROM DEMAND AND SUPPLY BUT HIGHER.

THERE IS A " DARK FORCE" WANTS OIL             DECLINES. THIS IS A CONFLICT INTEREST AMONG POLITICAL FORCES.

I THINK OIL             PRICE WILL RAPIDLY FALL BELOW $30 .

WITH FORECAST BETS ON OIL             FALL, I CONTINUE BUYING USDCAD             .


English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out