i think we can see a 93% correction from the all time high and we may be on the way for an all time low, $10 that sound crazy but yes is a high probability we see that soon,
death cross 1 month range in 2016 has played very well.
Mayor problem, i think is Impossible for oil producers to sustain their money making company's alive with this low prices, back in 2008 there was no competition for those company's because the whole car industries was making full emission cars, What about now? the transportation industry use 63% of all the oil extracted in the world, but now that is changing because all the automotive industries are making zero emission cars, oil industry is facing the worst crisis ever with different stones on the middle of the way lets see what happen.
death cross 1 month range in 2016 has played very well.
Mayor problem, i think is Impossible for oil producers to sustain their money making company's alive with this low prices, back in 2008 there was no competition for those company's because the whole car industries was making full emission cars, What about now? the transportation industry use 63% of all the oil extracted in the world, but now that is changing because all the automotive industries are making zero emission cars, oil industry is facing the worst crisis ever with different stones on the middle of the way lets see what happen.
