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vassilnnikolov vassilnnikolov USDWTI, D, Long ,
USDWTI: WTI will reach the 44.00-46.00 area by the end of 2016
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USDWTI, D Long
WTI will reach the 44.00-46.00 area by the end of 2016

The fundamentals are still bearish at the moment, thanks to global oversupply. The weakness in WTI is caused by the moderately declining U.S. production, increase in the output of OPEC and the return of Iran to the world stage, as sanctions were lifted. The fears of further oil decline are further overlined by the decision of Saudi Arabia and Kuwait to restart ...

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