Last night in the Asian trading session WTI crude oil dropped approximately $1.30 in a few minutes on no news. Oil bounced off the mid $43 support range shown on yesterdays chart. Was this forced liquidation? CME Group What happens next? It is too early to determine if this is a bounce or the […]
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Oil Price Forecast
The price of crude oil has now given up all of the gains made after the OPEC agreement of November 2016. How long will this weakness last and how far will crude decline? Intermarket Analysis In a research piece dated March 8, 2017, published on the CME website and titled “Is Crude Oil Taking Cue from Vegetable […]
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