04.08.2016 - We look forward to the resumption of oil fall after the recent correction

The price of Light Sweet crude oil showed growth after reaching a critical level of 40 dollars per barrel. Investors have decided to fix positions. In addition, support for the market was the news on reducing inventories of gasoline in the country by 3.3 million barrels against an expected reduction of 0.3 million barrels. At the same time, the volume of oil production in the country fell by 0.55 million barrels per day. Despite this, the excess of supply on the market will continue to put pressure on the quotes and we forecast a decline in the medium term, with potential targets at 37.30, 36.00 and 35.00 dollars per barrel.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.