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Oil Trading Alert: Crude Oil Rebounds, but for How High?
December 9, 2016, 8:58 AMOn Thursday, crude oil bounced off session’s lows and came back above the barrier of $50, but did this increase change anything in the short-term picture of the commodity?
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Oil Trading Alert: Crude Oil – Precious Metal Link
December 7, 2016, 9:39 AMOn Tuesday, crude oil moved lower and lost 1.66% after data showed that OPEC production rose to about 34.2 million barrels per day in Nov, hitting another record high. In this environment, light crude slipped under $51 and approached the barrier of $50, and thus the short position that we had opened early during yesterday’s session were already profitable at its end. Will we see a drop below the key $50 level in the coming days?
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Oil Trading Alert: Further Rally or Reversal?
December 6, 2016, 7:58 AMOn Monday, crude oil gained 0.21% and hit a fresh 2016 high, but will we see further improvement in the coming week?
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