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Nascent Three-Drive Could Crash Oil's Party

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A fall in US Crude Oil Inventories has set the oil futures market aflutter with renewed hopes of a stronger price for the commodity. Unfortunately, the oil bulls will likely be in for a very short celebration as the minor blip in prices will ultimately be unsustainable. In fact, the recent rally may be symptomatic of another plummet for oil prices in the coming weeks. Undoubtedly, the current oil rally to around the 38.00 handle has been bolstered by the recently posted US Crude Oil

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