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!
Are you saying that price is being manipulated to starve IS of funding?
GreedyTrader
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It's a theory... I think so.
Olu
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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