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Another bad day for oil market bulls

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 13, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Another bad day at the office for oil market bulls, the prices are now well back through the longer term moving averages and looking vulnerable to more weakness. December Brent expires tonight and at a two month low doesnt look good, indeed with the Fed increasingly likely to raise rates in December crude will remain in a battle with a strong dollar for a while. The EIA inventory report didnt help, stocks were up 4.2m barrels which was well above estimates and at Cushing up 2.2m barrels, also

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