Am looking for a price push to the upper side where there lies a point of control level for bears ......am expecting them to defend their position within the zone after that am expecting crude oil to drop even more . Any price reaction above that level will lead price moving to the $120 price level for a barrel
am anticipating a reduction in the price of usoil but before it might visit the gap it left behind for that shift in price , if it does i wouldnt ne surprise to see it at 98$ per barrel and possibly more bearish activities in the coming days
In the coming weeks i expect a strong bullish activities to happen on JPY index as this asset is at it threshold of supply hence the Federal Bank will be cutting down supply for in imports and other economic determinants . As demand for the yen increase more position would be accumulated to buy more of the yen in the coming days hence market will see a rush off...
