Oil (WTI) has broken below $80 on the back of surging global production, weakening demand and the strengthening U.S. dollar
if we will look closely we can see that now the oil stand in Intersection
1. if 79.60 area will break down it expects U.S. benchmark West Texas Intermediate crude to fall to $75 a barrel
2. if 81.60 area will break down it expects U.S. benchmark West Texas Intermediate crude to climb to $85-86 barrel
I have old charts that show the correlation between the usdcad to oil
This review does not including any document and / or file attached to it as advice or recommendation to buy / sell securities and / or other device.
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