Oil price is continuing to fall
Markets Commodities Brent Crude Oil

0 Like 0 Dislike 5 Replies
2 years ago

Since the oil fell under 50 level, the next level I am expecting is @ 47:


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Posted 2 years ago 0 Likes   0 Dislikes

Maybe I am a bit too late but the current price seems to be 44.180 .

A lot lower than expected. 

Have a look below.

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Posted 2 years ago 1 Likes   0 Dislikes

I am still short on oil and I am not closing my positions. There is still a lot of room to fall. First target is 47 but we might go even lower that



Posted 2 years ago 0 Likes   0 Dislikes

We are continuing to fall. I don't see higher prices anytime soon on oil and gold. Low oil prices are good for the consumer. We drive more, spending is increasing, economy is moving.



Posted 2 years ago 0 Likes   0 Dislikes

China slowdown, Iran deal, strong dollar. All of these are leading to this drop and it will continue. I am not cashing in just yet. In fact, I might add to my position



Posted 2 years ago 0 Likes   0 Dislikes

This fall was somewhat expected since Iran deal. I have no doubt that with the strong dollar we'll reach 47. We don't know when this level will be touched but we're going there