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The oil price ended up on the week

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 21, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The oil price ended up on the week, just. The bulls are hanging on for the Doha meeting at which January production levels will be frozen at, the bears are saying that you must add another 1m barrels a day for Iran who are not participating. The bulls like the money managers adding to their long positions in WTI, whilst the bears point to the first rise in the oil rig count as being proof that $40 WTI is enough to start up again. Traders expect a quiet week in the build up to the Easter

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