We decided to review the Crude oil since we truly believe that this commodity is highly to outperform any other asset in the upcoming year.

Crude oil is a necessity for any industrial economy and as such, fluctuation to its price might have major effects not only on financial assets but also on the political and civil life.

Just a week ago, Crude NYMEX was trading below the 100$ barrier.
On the 4th January (2 days ago) Europe announced that it will ban Iranian oil supply, this decision is not affected immediately, but it has already made some changes to the Crude Oil price currently traded at 102.33$.

Europe decision To ban Iranian oil is a part of the Global war against the Iranian so called nuclear race.

The Iranian currency had suffered a depreciation of more than 60% in the past 3 weeks and it seems that this battle is far from over, so be sure to check your charts…