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 plunges as talk of OPEC oil output cut rejected

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Within the space of a couple of minutes today and less than 15 minutes before the release of US official oil stocks data, both oil contracts jumped by about $1 before giving back their entire gains and more as the session wore on. Bullish oil speculators must have felt like victims of a pump-and-dump scam, but crude is notoriously headline-driven and this should serve as a warning for what’s to come over the next few days. First, prices were driven higher on a report that suggested the

    Continue reading...
     

Share This Page