Doha may drive oil higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Outlook: We have a ton of fresh data this week, including US CPI and PPI, the Beige Book, retail sales and industrial production. But the biggie will be the API inventory report at 4:30 ET this afternoon and then tomorrow’s Energy Dept version. So far we have a forecast for the latest week’s inventory at a gain of 2.8 million barrels. We also get Chinese data on oil imports tomorrow. The fresh data may cause some oil price gyrations but in the end, it’s Doha that counts. Our scenario is for a

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