Re: the price of oil .
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Message: Re: the price of oil .
For WTI it does seem there is good support just below $70 and the average price from July and 12 months forward is $80.60.
Yes I think so too.
Oil could trade between these levels.today we have touched 69.8 in the morning.So a great chance we found support here and stay in this sideways trend for a while.
Now speculators have their eyes on the €.The politicians better close their mounth on tv because the slightest wrong words trigger some actions on the downside for the € and making things worser then it is.
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