1 minute with ForexSurvivor

 

 

 

 

A.        (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

Long Dow Jones @ 8474; TP 100pips; Exit @ 8060

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. ****