My internet might get shutdown by the government again (I live in Iran) so I wanted to talk about oil prices before I get cut off.
Today is the beginning of another wave of protests in Iran and the chaos of people protesting all over middle east (Iraq, Iran, Lebanon,..) has the potential to push oil prices higher to around $65 per gallon (if things get out of control we can expect >$80 per gallon prices for 2020). Still the support area for this price move is 58-60 price range, so keep that in mind if you want to trade it.
I dont think internet blocking is going to last long if it happens, probably 3-4 days at most so I will be back soon to continue sharing my analysis here.
Today is the beginning of another wave of protests in Iran and the chaos of people protesting all over middle east (Iraq, Iran, Lebanon,..) has the potential to push oil prices higher to around $65 per gallon (if things get out of control we can expect >$80 per gallon prices for 2020). Still the support area for this price move is 58-60 price range, so keep that in mind if you want to trade it.
I dont think internet blocking is going to last long if it happens, probably 3-4 days at most so I will be back soon to continue sharing my analysis here.
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