bassel.hadak

Bearish Market indicated. Will we see 19 $ per Barrel ?

FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
on lower time frame we have break for lower border of the daily uptrend channel ,
this is just and out line
very early to decide
coming mid April oil             discussions on cutting production ,,,, their results will effect market

Comment: http://www.bloomberg.com/news/articles/2016-04-16/saudi-prince-sticks-to-oil-freeze-ultimatum-as-iran-stays-home

news :)
Comment: watching this chart i posted 3 month back , with the news that eventual many were saying the prices will drop if they didn't agree , yet countries didn't agree but the market rallies to expected area!!!
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