reneordosgoitia

a little rebound on USOIL

FX:USOIL   Crude Oil (WTI)
38 0 1
surprising cuts on oil             inventories in United States, an agreement between Iran, Rusia and Saudi Arabia; we have to remember, that the biggest downside movement, went in a moment of geopolitical tensions between the two biggest OPECs members, now they support the idea to cut production, so it will bring strong pressure to a rebound in the oil             price. BUT, i dont think it is going to break the 35USD barrier, so it is going to ocsilate for a long period between 30-35USD.
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