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BillyStaples

US Oil to retreat again later this week

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CFDs di Minyak Mentah (WTI) (FX:USOIL)  
BillyStaples  
FX:USOIL   CFDs di Minyak Mentah (WTI)
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US Oil to retreat again later this week. Price has traded within range for a few months now, and will likely continue a little longer before breaking downward. It's a consolidation period before there's not left to prop the price up. The inventory report this week, or more news on Iran's contribution to supply will eventually cause the break. The downward run will revert if OPEC decides to cut production during their June meeting.

RSI is hitting resistance, so is MACD.
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