Posts by "oldgreywhistletest"

""The Federal Department of Finance (FDF) and the Swiss National Bank (SNB) have
signed a new agreement regarding the SNB’s profit distribution for 2016 to 2020.
Subject to a positive distribution reserve, the SNB will in future pay CHF 1 billion p.a.
to the Confederation and cantons, as was previously the case. In future, however,
omitted distributions will be compensated for in subsequent years if the distribution
reserve allows this.""

Source: Swiss national Bank.

Vote: CHF

funds rapatriation

hey Sir Ignore, u come colabany

contract april CL
quite difficult to read the chart in term of eliiot wave due to the fact itmade a five impulsive wave down signaling the downward pressure will continue on crude despitet the freeze in oil production now agreed by iran.
but before we got o this pattern we must observe the precedent move on CL which made a 3 3 5 signalling htat the corrective down move will find a support domewhere around the 28 29 dollars a barrel.

russia and saudi arabia decided to freeze the actual level of production from january level.
we can expect this decision to ponder in the near future the level of price fro a barrel to around the 27.50 before entering a mid term upward market toward first the 37 dollars then closing the gap to 40
on a multi year chart we can expect the level of price to reach the price of 70 dollars a barrel in 2017.
from 2017 on the spiral will coninue toward he 10 dollars a barrel

this is a scenario, other scenerio can be put on the expectation of evelopment in the oil market.