Oil touching $52, going lower towards $40?

31 December 2014, 14:51
Mukhriz Mangsor
0
131

Seldom I do this, but oil now already approaching the $52 mark. Several traders feeling nervous on this move. Personally I have never trade oil but I only use it as some kind of technical analysis for certain forex pairs. Perhaps by a few weeks or months the price may went to $41 or $40 mark a barrel, and if it continues to march southward, it may also breach the $35 or even $25 a barrel level. Some politician will not like this move.   

Share it with friends: