Crude Thoughts

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Last week both WTI and Brent lost around $2.50 with crude stocks increasing and products holding their own. The strength of the greenback in the last day or two hasn’t helped and the rate cut in China didnt help commodity markets much. The rig count was very modest, unchanged overall and minus one in oil is hardly going to light any fires, although evidence appears to be showing more falls. Net speculative length positions fell again last week by 13,841 contracts indicating little optimism

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