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Crude may struggle to rise further ahead of Russia-OPEC meeting

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The long wait for the much-anticipated Russia-OPEC meeting is almost over. The general feeling is that an agreement will be reached on Sunday in Doha to freeze oil production at January’s levels, with or without Iran’s participation. This outcome is mostly priced in but will still likely give prices a further short term boost. However, will it be a classic case of “buy the rumour, sell the fact” type of a reaction on Monday? Time will tell. In addition, there is a risk that they will fail to

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