USOIL

Lower high lower low and price is at 50% retracement.
Fundamentals are still bad massive oversupply. www.bloomberg.com/ne...-proves-hard-to-kill
Since last week there are two oil rigs in USA less after 509 became operational this year. phx.corporate-i...t/phoenix.zhtml?c=79687&am...
Also the dollar is looking to go up, if oil has problem in week USD environment i'm interested to see how its handling more expensive USD.
Not to forget mentioning Libya and Iraq decided they are in need of money.

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