raven192

USOIL News Headline "No deal week of Sept 26 -30 not until Nov"

TVC:USOIL   WTI Crude Oil
43 1 1
Short at 45.8
This is also the weakest time of the your for oil! and next meeting for OPEC other than Sept 26 - 28 is November 30th 2016

That 2 months apart! Maybe a price crash will motivate them for a production decline. If know agreement happens Sept 28th. Why would they agree it would help US and Saudi more if they did. News flash they are all at war in Syria!

It bounced of the 0.5 Fib made a lower high and should turn down to 0.618 to .0764. I hope!! :-)
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