Oil prices continue to fall fast

The Oil prices continue downward. The first target that World-Signals.com set was $65-$70 as that our target will happen faster than our first expectations. World-Signals.com see the test below $70 this month as is possible prices in the winter at $55 for a barrel. OPEC will not cut the production as the major exporter Saudi Arabia will continue the pressure against the oil prices. World-Signals.com forecasts is to continue hold short positions or entry again in short positions with first target prices below $70. The current price in New York for Crude Oil is $ 74.00.

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