Bearish Technicals Should See Oil Retreat Ahead Of US Inventories Data

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 7, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    After briefly flirting with the 50.00 handle, oil recently took another plunge back to the ever robust zone of support around the 45.79 handle. In a subsequent manoeuvre, the commodity seems to be making another run at pushing through the $50 price level but might first need to test the[​IMG]

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