Crude Oil Technical analysis
Posted: Sun Feb 26, 2017 7:11 pm
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.
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.