Oil broke 69.5, new Syrian conflict, expecting 76+

[Top Oil Trader + 469]

Rockets hitting Israel. Syrian plane brought down by Israel, Israeli planes brought down. Iran threats. Not good for oil prices. Prices broke the pivot of 69.5 and seems be staying above. Could provide many links. 

https://www.youtube.com/watch?v=alssten8OvE

https://www.youtube.com/watch?v=Wa8CRCoIY3E

https://www.cnn.com/videos/world/2018/02/10/israel-military-jet-crash-lee.cnn

https://www.youtube.com/watch?v=a_mk2Dh_obk

https://www.aljazeera.com/topics/subjects/golan-heights.html

https://www.cnbc.com/2018/07/23/trump-to-iran-president-never-ever-threaten-the-united-states-again.html

and 100s more

[Bhimsen Pachawry + 72]

Oil is a political commodity. Don't jump to conclusions about charting analysis. Charting techniques work only when there is free market force and not where there is cartel, governmental rules etc

27 minutes ago, Top Oil Trader said:

Rockets hitting Israel. Syrian plane brought down by Israel, Israeli planes brought down. Iran threats. Not good for oil prices. Prices broke the pivot of 69.5 and seems be staying above. Could provide many links. 

https://www.youtube.com/watch?v=alssten8OvE

https://www.youtube.com/watch?v=Wa8CRCoIY3E

https://www.cnn.com/videos/world/2018/02/10/israel-military-jet-crash-lee.cnn

https://www.youtube.com/watch?v=a_mk2Dh_obk

https://www.aljazeera.com/topics/subjects/golan-heights.html

https://www.cnbc.com/2018/07/23/trump-to-iran-president-never-ever-threaten-the-united-states-again.html

and 100s more

 

Edited July 25, 2018 by Bhimsen Pachawry
forgot to add quote