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WTI Crude Oil trading action

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 18, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Crude oil had a rollercoaster ride yesterday, going from $42.86 a barrel at noon to $41.22 in the space of 3 hours to then be back up again at $43.00 after the following 3 hours. The market has settled down since that flurry, and has been trading in a tight range between $43.17 and $42.59 during the Far East trading session. The low volatility is due to the fact that tomorrow we have the crude oil stocks data released by the Energy Information Agency (EIA) at 3:30 PM. The consensus forecast is

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