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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.