Oil at $40 a barrel is real prospect. Target at least $51

It is clear the world needs cheaper oil             prices not only does this put pressure on those middle eastern countries that were using oil             proceeds to fund terrorism but this sends a clear message to the Eastern powers that the world will not stand by idly while foreign nations invade each other to benefit from commodity prices. Commodities are still priced in US Dollars.

The technicals are reflecting with Oil             clearly in a 5th wave move in the bearish cycle. The 61.8 Fib extension of impulse i and iii             says we could see oil             at $51 a barrel. If we consider a full 100 fib extension we could be looking at $40 a barrel. Just take a look at the volume coming in and the weak bullish candle....

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