Crude Oil Technical analysis

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Crude Oil Technical analysis

Post by dan_s »

Watch the video here: https://www.investing.com/analysis/crud ... -200176858

IMHO if the next IEA Oil Market Report is bullish (i.e. falling OECD inventories again) then crude oil should move higher. It takes 60-90 days for the OPEC production cuts to move through the system, so we s/b getting close to seeing it in the weekly data.
Dan Steffens
Energy Prospectus Group
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