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. ****