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16th Oct 2014 Light Crude Oil Analysis

16th 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 Production surplus and demand waning has seen Oil falling towards $79 levels of June 2012

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 The mini descending triangle forming on the H1 chart at $80.60 weighs on the support to give way to new lows.

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 Downtrend channel has emerged and any pullback is likely to be met with more sellers

Debt in the oil producing companies may end up being the straw that breaks the camel’s back. Snapping up $50 billion of high-yielding U.S. junk-bond offerings by energy companies this year may have seemed like a good idea when oil was above $100 a barrel and yields were at record lows.

With prices falling toward $80, bond buyers are burdened by over $2 billion of lost market value and growing concern that too much credit has been extended too fast amidst America’s shale boom. As the borrowing capacity of oil and gas producers are directly tied to the value of their reserves, the falling commodity prices are increasing the risk that companies will face as prices fall and profits drop. Junk bonds sold in the U.S. this year have on average lost more than 4 percent of their market value since issuance

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish76.3779.13 80.6081.683.5886.33 81.682.380

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