Has The Oil Price Rally Finally Run Out Of Momentum?

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 30, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    After nearing the pivotal $50 mark, oil prices could be about to take another hit despite the recent dip in US Crude Oil Inventories. Whilst the draw was largely responsible for the commodity's surge higher, technicals are now turning against oil and hinting that it should move to the downside[​IMG]

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