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Technical Analysis #C-BRENT : 2016-03-30

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Further rise in US oil stocks expected Brent oil prices are correcting down after increase by around 45% since mid-February. Market participants doubt that OPEC and independent oil producers will agree on production “freeze” on their meeting due on April 17. Will Brent oil prices continue declining? At once several oil producers said they were not projecting limiting oil production yet. Iran even noted it was planning to increase production by 1mln barrels a day to 4mln. Saudi Arabia and Kuwait

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