The one day has crossed over so its usually bullish and the news has come to back it up with OPEC talks extensions and Libyan pipeline EIA if bullish somewhat would make 49.40 next stop then 51.86.I just wonder if the market is going to turn a blind eye to U.S shale production growth until it breaks it own record 9.6MB/D for everyone to realize that fundamentals are still bearish.We have more oil in storage then last year mmm.
Kommentare
R81
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Hard Trading day today
wafflehouseinthe212
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@R81, Yeah it is i am long if eia report confirms bullish trend,I would focus on crude build or draw mostly I just do not see a draw likely with more production coming online unless exports go up drastically.
R81
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@wafflehouseinthe212, Need to be cautious! Watch out from the quick turners today! The bullish report may fade through the day so lets see.
wafflehouseinthe212
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@R81, Yeah I know but if bullish news stays in view it will last till Friday we could see 50 at least especially if OPEC comes out with deal nowhere.