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Crude weak after a weekly shooting star?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Crude Oil, Daily Dallas Fed moderate-hawk Kaplan sees oil supply balanced with demand by mid-2017 and thinks there could be under supply by 2018-2019, though he is of course talking the book of the oil weathy region of Texas. Wall street Journal reports today that banks are worried about the growing pile of debt taken on by European oil companies making little or no profits, and that means money to finance new drilling and other projects is drying up. Several oil companies said they expect

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