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13th Oct 2014 Light Crude Oil Analysis

13th Oct 2014 Light Crude Oil Analysis

CL, futures, commodity, commodities, oil, light crude, crude oil price, crude oil forecast, crude oil outlook, Crude Oil analysis, Crude Oil technical analysis, Crude Oil outlook, Crude Oil price, Light Crude Oil analysis, Light Crude Oil forecast, Light Crude Oil outlook, Light Crude Oil price, Light Crude Oil technical analysis, Light Crude Oil analysis, Light Crude Oil forecast, OPEC, Saudi Arabia, ARAMCO Light Crude Oil falls below the lows of 2013 as prices closed above 84.5 before the week closes

CL, futures, commodity, commodities, oil, light crude, crude oil price, crude oil forecast, crude oil outlook, Crude Oil analysis, Crude Oil technical analysis, Crude Oil outlook, Crude Oil price, Light Crude Oil analysis, Light Crude Oil forecast, Light Crude Oil outlook, Light Crude Oil price, Light Crude Oil technical analysis, Light Crude Oil analysis, Light Crude Oil forecast, OPEC, Saudi Arabia, ARAMCO 3 months of bearish movements has seen price of Light Crude Oil futures drop from 105

CL, futures, commodity, commodities, oil, light crude, crude oil price, crude oil forecast, crude oil outlook, Crude Oil analysis, Crude Oil technical analysis, Crude Oil outlook, Crude Oil price, Light Crude Oil analysis, Light Crude Oil forecast, Light Crude Oil outlook, Light Crude Oil price, Light Crude Oil technical analysis, Light Crude Oil analysis, Light Crude Oil forecast, OPEC, Saudi Arabia, ARAMCO Price of Light Crude Oil likely to continue to slide based on technical analysis, 86.27 crucial resistance

Cumulative occurrences around the world brings about a 3 month slide in the prices of oil. The increase in risk of travel brought about a slump in airlines’ revenues due to conflict and disease, not to mention natural disasters, has seen demand for energy falling. Industries which require oil and derivatives to function have ceased to produce as much due to falling margins due to currency depreciation/appreciation found it hard to justify surpluses, and so do the shale oil producers who are now at the peak of production but found margins hard to stay profitable, with Saudi Arabia having slashed prices to sell to Asia in order to prevent holding on to surplus barrels of oil with a stalemate in terms of liquidity and profits.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bearish77.281.368486.2788.190

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