Oil is very volatile lately, risk management is more important now than ever.In my previous videos I discussed how oil could be going as low as $65, it seems this could happen much sooner than I expect, here is my latest Oil Market Analysis.

Although I cant be sure if crude oil has bottom out yet when it reached $70, for the near term it seems very possible for brent crude oil to reach the $90s before showing signs of a pull back down. I would observe Crude Oil closely around $78ish area to see if crude oil will head south again or head up towards the $90s.

I am expecting Brent Crude OIl (XBRUSD) to push lower to $75 range before we see a solid sign of an upward come back. Although I can't be certain, my probabilities are skewed toward a further decline on Brent Crude Oil for the near term. So let’s short Crude Oil XBRUSD and see if this works out.

Brent crude has not managed to head up substantially since reaching $75. I'm not sure its quite ready to keep heading up as part of the big move up that I discussed in my last analysis We could see Brent re-test $75 and possibly lower, ideally i'd like to see brent around $70.Watch my analysis to know more.

#crudeoil 's fall could be coming to an end. I'm not sure if #brentcrude around the $70s can be justified - despite the recession fears. Here's my quick take on #oilprices .What are you're thoughts #oiltrading experts? #crudeoiltrading

It seems absurd, but very possible - crude oil heading lower to the low $80s if not lower. It's becoming difficult to forecast XBRUSD to be honest, price hovering below the key $100 level doesn't help, but I dont see any clear indication of a rally just yet. Watch the video analysis to know more.