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  • The new phase of trade war between the two biggest world economics is fact. The negotiations do not leave a doubt - nothing as result. The trade war immediately react with serious down of Crude...
    The new phase of trade war between the two biggest world economics is fact. The negotiations do not leave a doubt - nothing as result. The trade war immediately react with serious down of Crude Oil price (WTI) down more the 350 pips within 2-3 hours time.
    World-Signals.com trading strategy for tomorrow is continuing of downtrend to levels below $52.00 per barrel.
    The price of WTI today starts with $57.90 to down to $53.57 and latter recovery to $54.47.
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  • Oil trading - WTI may down below $60 this week
    OPEC may boost oil supplies shortly is the latest expectations. The oil prices direction was up for 4-months starting from Christmas and rise from $42.35 to $66.57. In the last couple of days there are new factors that affect the oil prices. The first and most important is OPEC expectations for boost of oil supplies. The second is the sanction over Iran oil export. Iran may have options to export some low volumes oil after the new sanction.
    Third and fourth main factors that affect over the oil prices are Libya and Venezuela. Libya may start to export normally oil after Haftar success in the war.
    At the same time the bad news come from Venezuela from large exporter to start import oil due to electric problems and sanctions.
    As overall World-Signals.com expects to see WTI price at levels below $60 in the coming week.
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