It seems that world economic growth is slowing. However, after the loss of 5% on 6th of July, oil is able to find good support at 46.90 dollars area. We believe it can be a good level of support in the medium term, and we see a target area at 49/50 dollars.
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mgiuliani
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Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
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Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
If you find useful my analysis, please hit the LIKE button and follow me.