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Oil Trading Alert: Crude Oil Priced in "Other Currencies"
September 22, 2015, 8:37 AMOn Monday, crude oil moved higher after the market’s open as news from Genscape, Inc. supported the price of the commodity. As a result, light crude came back above the 50-day moving average, despite rising U.S. dollar. But is this “show of strength” as positive as it seems at first sight?
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Oil Trading Alert: Fundamental Factors Continue to Weigh
September 21, 2015, 9:09 AMOn Friday, crude oil declined and lost 3.37% as concerns over the U.S. economy and energy demand weighed on investors’ sentiment. A stronger U.S. dollar pushed the commodity lower as well. Thanks to these circumstances, light crude slipped under the 50-day moving average, invalidating earlier breakout. What does it mean for the commodity?
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Oil Trading Alert: Resistance Zone Continues to Keep Gains in Check
September 18, 2015, 9:32 AMAlthough crude oil moved higher after the market’s open supported by Wednesday’s bullish EIA report, the commodity reversed and declined in the following hours despite a sharp drop in the USD Index. What can we infer from this show of weakness?
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Oil Trading Alert: Oil Bulls Charge and Its Implications
September 17, 2015, 9:15 AMOn Wednesday, crude oil gained 4.39% after bigger-than-expected drop in crude oil inventories. As a result, light crude broke above the 50-day moving average and closed the day above $47, but whether this action is as positive as it seems at first glance?
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