GreedyTrader

Why I think Oil could fall another 20%

Short
FX:USOIL   CFD Petrolio greggio (WTI)
Oil continues to fall amid a strong US Dollar and environment where capital flows are heading for safe havens. Bonds in Europe are being snapped up, even the Yen has attracted buying. The economic recovery in the West demands cheaper commodities, so it is unlikely we will see Oil buying soon. I won't be suprised to see Oil $35 a barrel.

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