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Oil price is continuing to fall
Brent Crude Oil
Since the oil fell under 50 level, the next level I am expecting is @ 47:
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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.
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
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.
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
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