Neon

WTI Roadmap June 2017

TVC:USOIL   CFDs on WTI Crude Oil
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Choppy
Comment: That would be 38.2 FIB retrace from the highs in 2013 summer, then most likely downleg to 38 develops into the Fall before a more significant up
Comment: BTW, in order for oil to go up, seems to me a conflict in Mideast is probable. What forecasts what?
Comment: Qatar thing could be a precursor for the conflict, just creeping instability to put premium on the marginal producers in the US
Comment: Volatile again but still higher than the previous low
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