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Saudi Policy Hints at the Future of Oil

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Most of the market players are now in agreement about the likelihood and efficacy of an oil production freeze. With oil prices taking further plunges to 35.45, it would appear that everyone has given up on hopes of an OPEC-orchestrated freeze. However, some still argue that oil could become bullish once more and reach or break the ever important 50.00 mark on the charts. In contrast, the recent developments in Saudi policy provide all the signals needed to show that high oil prices are a relic

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