For a long time I didn't look at oil, but I see that we are approaching a strong resistance line that begins in 2008. I also saw an rising wedge - a reversal patterns. We will see this fall until April 2019. I do not know with what it will be fundamentally connected, I do not much look at the fundamental factors. But the fact that we will fall I'm sure. We are ...
Could be a final fantasy's scenario
for US$20/bbl or lower in months to come.
As shown in the chart Crude may trade lower to as low as $72 area then higher to
meet objective at $80/bbl.
Let us see how the trend is developing!