1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Crude oil weakness likely to be short-lived

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Buck-denominated crude oil prices fell sharply on Friday, along with gold and silver after the slightly stronger US jobs report gave the dollar what looks like a temporary boost. In addition, doubts continued over the potential oil-freeze deal between large OPEC members and Russia, which may help explain why – as CFTC data showed – money managers and hedge funds had trimmed their bullish positions on WTI for the first time in six weeks and increased bearish bets by the most since November in

    Continue reading...
     

Share This Page