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Strait of Hormuz in Replay!

Thu, Nov 13 2008, 06:48 GMT
by Anthony Samaha

ForexSurvivor


ForexSurvivor

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

1 minute with ForexSurvivor

 

 

 

 

A.        (13 November Europe) Latest Impact: Strait of Hormuz in Replay!

 

The free-fall of Crude Oil is becoming a serious slash for Iran’s revenues & other countries. Iran may maintain a solid position for few more days/weeks whereas the consequences would be dire if the Iranian government feels insecure about slicing its oil revenues that fast. We would presume a protracted element in establishing a new setting to retrieve back the intrinsic value of crude oil through tactically implementing a ‘light war’ which may come close to ‘Strait of Hormuz’ play.

 

Reminder of yesterday wire

(12 November US) Latest Impact: Crude Oil @ $30/bl & Not Only!

 

The drop of Oil will continue towards the test of what was a major resistance years ago – i.e. $30/bl (We do not rule out $10/bl as massive stops reside there). The bearish trend is intact to pass some extra pain to producers like Iran & Venezuela. And since global economic growth is sliding incoherently along a falling demand environment, the free fall to down further crude oil price is inevitable anyway.

 

 

B.        Signal

n/a

Limit Order Valid till 12 November

 

 

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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