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AcornWealthCorp

USOIL - Oil to decline form current price to $40 soon,

Short
CFD Petrolio WTI (TVC:USOIL)  
AcornWealthCorp  
TVC:USOIL   CFD Petrolio WTI
Crude Oil WTI Oil trading trade-suggestions stock-trading downtrend S&P 500 (SPX500) SELL Crude Oil SPDR S&P 500 ETF (SPY)
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usoil oil trading trade-suggestions stock-trading downtrend spx500 sell crudeoil spy
While the markets overall have remained mostly sideways it appears that WTI Oil prices are forming an upward channel. This , if broken, would indicate a potential decline in oil prices to the $40 area.
World Geo-political situation, specially situation with Iran seems weighing on Oil price & pushing it down. So we think $40 is a very possible scenario for oil .

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