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Falling oil prices – Forget a production cut, ‘demand' is an added problem

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    'More pain ahead', is the key message of the day as we discuss what lies ahead for the oil industry, with Gaurav Sharma, Oil Analyst for Share Cast, and Zak Mir, Technical Analyst for Zak's Traders Café. Key Points: Another week or so before the oil markets realize any production cut is unlikely Oil has always been a story of demand – Japan's demand fell in the last month, the slowing demand is an added problem for oil Shale producers can thrive at $35, they'll remain in the game There seems

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