LewisGlasgow
Short

Crude Oil - New Lows

FX:USOIL   Crude Oil (WTI)
This is huge, we have USOIL             on a Daily chart with a picture perfect trend. This is additional analysis supporting my bullish 5-0 idea which was posted 18 days ago, everyone who got in on that trade made some serious profit!

We can clearly see that whenever price gets relatively close to our 200 EMA the bears show up, driving it back down to new lows which has happened twice already during the past 10 months.

We have already broken the lows of 2009 in the early stages of 2016. Could USOIL             reach the 20$ lows of the early 2000's?
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Great share!
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Did you see the draw on oil tonight? Plus we have the Doha meeting on August 17... I am thinking 2 weeks of relentless pumping back to the 200 day.
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Hopefully not... That would mean, there is some serious stuff happening with the economy...
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LewisGlasgow TOP captain_smollett
Environmentalists believe it will drop to 10$ a barrel, let's hope not.
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