Oil continues to fall amid a strong US Dollar and environment where capital flows are heading for safe havens. Bonds in Europe are being snapped up, even the Yen has attracted buying. The economic recovery in the West demands cheaper commodities, so it is unlikely we will see Oil buying soon. I won't be suprised to see Oil $35 a barrel.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.