SignalSwiss
Long

WTI (Crude Oil): MEDIUM TERM ANALYSIS

FX:USOIL   CFDs on Crude Oil (WTI)
1670 8 28
FUNDAMENTAL ANALYSIS
Despite international agreements (USA/IRAN) can increase the supply on the market, OPEC could support oil             prices in the medium term (Q1 2016). We also believe, a price increase will help the Fed to approach the inflation target (around 2%).

ANALYSIS CORRELATED
( Dollar Index             )

(Eur(Usd)

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Prices seem to be struggling breaking into the range above 47.4
Reply
smitheric1970 SignalSwiss
While prices do look like a bullish setup and I am a big fan of your work, I just want to offer a different view. (based on my gut and a trendline which I probably shouldn't trust... haha)
Reply
Thank you!!
+2 Reply
AMBRISH TraceyPettingill
Thanks.
+2 Reply
Good stuff! While I think this is what all markets need to happen with oil medium term to keep everything afloat, I am still bearish oil. But if we get a solid daily close above 50.37, I may change my tune... Regardless, this is the short term view...
+1 Reply
thank you.
+2 Reply
thanks!!
+3 Reply
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