USOIL will be inside a consolidation area 35-30USD

1 במרץ 2016

The price of the USOIL is in a uptrend channel, however, it has touch a significant resistance area, losing it strenght. So it is going to break the channel in a downside direction, and will rebound in the 30usd price area, area created because the coalition created in the middle east with Rusia, if Iran participate in the aggrement, it will break the 35USD area. If the Fed decide to rise, or give sign of a possible interest rate rise, it will go with strong movement to 25USD.