USOIL - Oil to decline form current price to $40 soon,
While the markets overall have remained mostly sideways it appears that WTI Oil prices are forming an upward channel. This , if broken, would indicate a potential decline in oil prices to the $40 area.
World Geo-political situation, specially situation with Iran seems weighing on Oil price & pushing it down. So we think $40 is a very possible scenario for oil .
Please check back for Trade updates. (Note: Trade update is little delayed here.)
World Geo-political situation, specially situation with Iran seems weighing on Oil price & pushing it down. So we think $40 is a very possible scenario for oil .
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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