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Brent Stares At 2007 Lows

Discussion in 'Technical Analysis' started by Kaitlin, Dec 8, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    OPEC failed to address growing concerns of the oil glut they are happily supporting. With production at near-record highs and global demand down, oil production is significantly outweighing demand and pushing prices down further. With the USD strengthening and OPEC more than happy to continue pumping then the seasonal tendency[​IMG]

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