Indicators point price can go lower. Likely 30s before squeeze.

Kontrak Berjangka Minyak Mentah Ringan (NYMEX:CL1!)

NYMEX:CL1! Kontrak Berjangka Minyak Mentah Ringan

EXXI RIG LINE CHK XOM SDRL ATW GDP BBEP

exxi rig line chk xom sdrl atw gdp bbep

This is taking into consideration that OPEC maintains production determined in the December 4th meeting. And also the fundamental reports remain to be flat on production and unable to significantly withdraw from stockpiles. Essentially negating fundamentals, technicals show that price can still drop.

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