Current market price: $43.06
Chart: H4, USOil
Wednesday, August 12, 2015
Oil Slumps Yet Again
Since June 24 Oil has been in a sharp downtrend that has no indications of a change. Oil tried to take a breather today pushing above 43.50 going to 43.83 but failed to resist the bearish pull. Market sentiment is still bearish with factors such as a strong US Dollar having a major role. Strong support rests at $42.50.
Current market price: $43.06
Chart: H4, USOil
Current market price: $43.06
Chart: H4, USOil
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The price falling incredibly.
ReplyDeleteWith this slump in crude prices, its impressive to see fuel prices not declining in price.
ReplyDeleteOil seems to be in freefall.
ReplyDeleteOil is still bearish.
ReplyDeleteGood analysis!
ReplyDeleteGreat analysis, Thank you for sharing.
ReplyDelete