Michelok
Short

Oil looks like it wants to dive sooner than later

FX:USOIL   Crude Oil (WTI)
109 1 2
Following the main downtrend and the obvious divergence in macd , it seems a matter of (not so much) time before oil             proceeds with a run further down in my modest opinion. What do you think?
Comment: Interesting devopment. Now lets see if it hits the gas next week(s).
We should track the Saudi’s efforts to convince Iran (who are not willing to cut the supply after the disembargo) very carefully I think..
If they can not agree on such a plan, Crude may test the 43,50 support at the outset.. ;)
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