NOK has potential for long term downtrend thx to Brent oil slump

FX:USDNOK   U.S. Dollar/Norwegian Krone
36 0 2
OANDA:BCOUSD             has decided to consolidate sideways regardless of typical US holiday rallies, along with the huge oil             deposit finding in Texas + overall shale/natural gas boom in the Dakotas/Canada, the overall supply of oil             is vastly increased yet the demand from traditional sources is in decline, thus this will create a downward trend for oil             prices in the coming months unless international and government sources manufacture artificial scarcity. Because oil             is down, NOK             will follow it's pattern downwards instead of breaking the green line. Expect a good long term shorting position to open in the first weeks of Dec. as oil             prices hit the 8.6ish barrier. Should oil             prices rally through the green resistance line, expect a historic rally on the USDNOK             which will push prices past their 10 year high.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden