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Crude Oil @ 40/bl

Wed, Oct 22 2008, 18:54 GMT
by Anthony Samaha

ForexSurvivor


ForexSurvivor

Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.

A.        (22October US) Latest Impact: Crude Oil @ 40/bl

 

Crude Oil level below $80/bl will hurt the profit margin of the distributors and exporters, mainly Saudi Arabia which protected massively the $80/bl yet at no vain.

 

The $40/bl is not questionable and the probability to go as far as $10/bl is not out of sight. Maybe the US is facilitating in its own understanding the tumble of oil to hurt in a way Iranian exporters, to hurt the Iranian government expenditure table which relied in the last 2 years on crude oil high prices to support its nuclear program. Is it an alternative tactic to avoid war with Iran?

 

 

B.        Signal

Don’t change your bearish signal; there is no reversal yet in the trend.

Limit Order Valid till 24 October

 

 

C.        Mission Accomplished:

n/a

Position(s) Closed

 

 

D.        The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****


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Legal disclaimer and risk disclosure

The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. **** Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

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