GundyaBhau
Short

Oil prices expected to decline

FX:USOIL   CFDs on Crude Oil (WTI)
Crude oil             trade and strengthening of US Dollar             are interrelated.
Market is witnessing strengthening in US Dollar             against major currencies and I expect it to continue till first quartile of 2016. (Refer my other post that outlines movement in USDINR             )

Crude oil             is again under pressure and can expect to see it in lower thirties in next few months.
This decline in Oil             prices will be partially offset by appreciation in US Dollar             .
Still fast growing Indian economy will get partial benefit of this decline in Oil             market and on the other hand export oriented Indian Software industry will reap some rewards of weak Indian Rupee.
World will be looking at energy demand and manufacturing numbers from China in this time.
It would be interesting to see Oil             price breakout from the wake formation in early 2016!
Comment: Expecting selective devaluation in Oil Producing currencies against USD to protect country budgets.
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