mgiuliani
Long

CRUDE OIL (USOIL)

FX:USOIL   Crude Oil (WTI)
169 1 8
It seems that world economic growth is slowing. However, after the loss of 5% on 6th of July, oil             is able to find good support at 46.90 dollars area.
We believe it can be a good level of support in the medium term, and we see a target area at 49/50 dollars.

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IMPORTANT:
Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
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