$USOIL - We're heading into a 16-17 month cycle low. The ousting of Maduro from ruling Venezuela, which could provide the U.S. a new cheap crude oil supplier, could be the catalyst for a washout in crude oil prices. The 1st yearly support level at $48 could be the target.
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$USOIL - We're heading into a 16-17 month cycle low. The ousting of Maduro from ruling Venezuela, which could provide the U.S. a new cheap crude oil supplier, could be the catalyst for a washout in crude oil prices. The 1st yearly support level at $48 could be the target.