Crude oil edges lower ahead of stocks data

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Crude prices finally found some much-needed support on Monday after falling virtually in a straight line for the best part of two weeks. The general improvement in risk appetite was part of the reason why it bounced, especially since prices were severally oversold. In truth, speculators were merely looking for an excuse to book profit on their short positions and the unfortunate tragedy in Paris that led to retaliatory bombardments of IS targets in Syria, which raised supply-side risks in the

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