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