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             .


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