UKOIL long-term view. Buying the dips at 40$

TVC:UKOIL   CFDs on Brent Crude Oil
There is a lot of selling pressure at these levels, and I don`t think the prices will be able to stay in this area much longer. I expect Brent oil prices to drop to 40-42$ per barrel by the end of 2017/early 2018, and go up from there to higher levels at 60-70$ per barrel by the end of 2018.

One of the factors being able to influence negatively the price of oil for 2017 is the dollar strength, that I expect to last for the rest of the year.


Totally agree with your analysis. We have topped out in my opinion and should start to see price fall now as part of wave C.
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