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Thread: Oil freefall

  1. #1
    Specialist Member protrader's Avatar

    Oil freefall !!!

    There is very interesting scenario for the USOIL that looks it could drop like a stone from the rock and this could be the great opportunity to get on the bears train. Hope you find it interesting and profitable

    Let me know what you think
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  2. #2
    Specialist Member protrader's Avatar
    The potential Oil fall should take down CAD together with it. I can see a lot of opportunities to shorting CAD, especially long AUDCAD and NZDCAD and short CADJPY
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  3. #3
    Legendry Member Michael Hodges's Avatar
    oil is going to go lower now, China economy is tanking and OPEC production is up, and the EIA eieio has cut its demand growth outlook for 2016.... down down down will oil go, just how far only a technical analyst knows!

  4. #4
    Specialist Member protrader's Avatar
    Quote Originally Posted by Michael Hodges View Post
    oil is going to go lower now, China economy is tanking and OPEC production is up, and the EIA eieio has cut its demand growth outlook for 2016.... down down down will oil go, just how far only a technical analyst knows!
    So my tech analysis now confirmed with fundamentals
    and yes, i know the target 27-28 but I don't know if it will be reached
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  5. #5
    Legendry Member Michael Hodges's Avatar
    fundamentals have been supply heavy for months, its why oil has fallen from $100 to $43, not its going lower, down to the low $30's probably.

  6. #6
    Specialist Member protrader's Avatar
    Quote Originally Posted by Michael Hodges View Post
    fundamentals have been supply heavy for months, its why oil has fallen from $100 to $43, not its going lower, down to the low $30's probably.
    talking history its easy, talking probability of future outcome is a challenge
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