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Crude Oil: Forget the Re-Leveraging and Reflation Rhetoric

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Recently the markets have been awash with talk about crude oil seemingly having discovered a bottom to the recent decline. However, the supply fundamentals remain unchanged, and despite the talk of re-leveraging, there is only one way for crude prices to head and that’s down. The past few weeks have seen the price of Crude Oil (WTI) surging amid talks of production capacity constraints and re-leveraging leading to inflation for commodity prices. Subsequently, prices have reacted strongly to

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