OIL (CL/WTI): review and forecast During the last few weeks, oil prices were stable, volatility on the market has decreased significantly and the upward trend is gradually becoming flat. The market received contrary signals about further perspective for prices rising . The market is in the conditions of uncertainty, but both sides don't have some determining factors that would seriously affect the prices. #SuperForex #ForexAnalytics #Forexbroker #Forex #USD #GBP #AUD #CAD #EUR
The main reason why the stock market fell Wednesday was because of a 5.38% decline in WTI oil. My prediction for oil prices to fall because of a high amount levered long trades and high inventory levels finally began to come true. My thesis has been that oil prices falling to the high $30s would…
Crudeoil on MCX settled down -2.64% at 3500 amid the continued tug of war between OPEC and the U.S. regarding production.
The rates of the AUD/CAD continue in the frames of uptrend which has been formed in the beginning of the year. The canadian dollar is under the pressure of the record low oil prices this year. The price of oil fell for the week from 54 to 48 dollars per barrel for CL/WTI, contrary the forecasts for further stabilization of the market amid reduction of oil production. OPEC continues to say that the countries who joined the Agreement on the reduction of oil abide it in 90%. #SuperForex #Forex