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Oil will have an up week

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 30, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    It looks like oil will have an up week unless something goes terribly wrong, yesterday was listless with US GDP and new homes data being described as sluggish. The differential is down to below three bucks as WTI outperformed Brent but if they hold around these levels the chartists at least remain optimistic. Natural gas prices are all over the place, the EIA inventory report showed a 63bn cubic feet injection against forecasts of 69bn but wild gyrations ahead of the winter are not unusual.

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