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Crude Oil Extends Losses

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 15, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective. On Friday, crude oil lost 3.34% as a bearish report from the International Energy Agency added to worries over a supply glut and affected negatively investors’ sentiment. In this environment, light crude dropped to a fresh 2015 low, slipping to the lowest level since Feb 2009. What’s next? On Friday, in its December oil market report, the International Energy Agency projected that global

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