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Crude: No End in Sight for Oil's Bear Trend

Discussion in 'Technical Analysis' started by Kaitlin, Dec 31, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Yesterday's sharp rally in oil was halted, with WTI giving up its entire gains before the official weekly crude stockpiles report was released today. Evidently, traders were unnerved by the American Petroleum Institute's (API) inventories report that was released last night, which showed a surprisingly large build of 2.9 million[​IMG]

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