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Short

Oil to hit $37 a barrel.

NYMEX:CL2!   LIGHT CRUDE OIL FUTURES
The US Dollar             continues to strengthen in the face of a potential interest rate hike. The FED continues to run out of excuses not to raise rates. IS is also a reason why Oil             will fall, cheaper Oil             means terrorism can't exactly profit from high Oil             prices.

The politics will ensure Oil             is low for the foreseeable future. Down we go!
Olu
2 years ago
Are you saying that price is being manipulated to starve IS of funding?
+1 Reply
TradersClub PRO Olu
2 years ago
It's a theory... I think so.
Reply
Olu TradersClub
2 years ago
If it is so then I am sorry to say that IS is already winning the battle. All the oil exporters are groaning in pain just to control IS. Anyways I am bearish oil too but I am looking for a retracement to 55/60 then a collapse to 35 or thereabouts. I have no positions open at this time
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