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OIL - watch this carefully
Light Crude Oil Futures
OIL - watch this carefully
By iamajeya
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Jul 13, 2016
3
Jul 13, 2016
Watch the Next 50 cents very carefully. Oil needs to make lower lows and stay in the band.
Right now all forces are pointing South
Oil continues to go down on high volume.
MA 50 (Red line) is below MA 200 (Grey line)
China is just starting to end it's massive strategic reserve buying
Iran is doubling it's production
US production has gone up
Canadian stock is hitting the market again
Crude Oil Futures WTI (CL1!)
DWTI
ukoil_usoil
usoilshort
UWTI
iamajeya
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Short at 50, Targets $43 - $38
by iamajeya
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