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Crude Thoughts

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    A short blog today, the oil market was carnage yesterday and company announcements are thin on the ground, not surprising in these markets. Crude oil fell sharply, the worries from China are leading the fall and with the devaluing yuan traders sense a currency war into the bargain. The inventory figures, as intimated here yesterday were difficult to read but overall the market read them as bad news. The reason for that was not the headline figure, a draw of 5.09m barrels would normally be good

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