ridethepig
Short

Clashing forces on the supply side

TVC:USOIL   CFDs on WTI Crude Oil
Here we are tracking the continuation of the move down in Oil .

On the demand side, manufacturing is starting to slow and we are outguessing signs of the effects on the demand side. Equities wont be able to hold Oil up for too much longer, this is starting to look clearer by the day.

Prices will have to fall to offset the move in demand, once this starts coughing there is only one direction for Oil .

Best of luck
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Wouldn't you think the less supply the more the price will go up?
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good catch with a head and shoulders top forming
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Good presentation, as always.
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ridethepig Zoen_Trieste
@Zoen_Trieste, Thanks for the kind words
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