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Crude Oil: Supply Freeze Agreement a Suckers Bet

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It appears as if recently Russia and Saudi Arabia have been taking lessons from Janet Yellen’s school of `Jaw Boning and Market Manipulation’. Clearly, as a part of the practical component of their course, yesterday’s recent announcement of a production freeze was masterful in its application of double speak. However, I am only able to provide a barely passing grade, as it appears that the market has recognised it for what it was…a suckers bet. The Doha meeting of Russia, Saudi Arabia, Qatar,

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