MCX Crude Stop Loss Hit 4933 Crude Call Closed – Neal Bhai Reports

MCX Crude Stop Loss Hit 4933 Crude Call Closed – Neal Bhai Reports

The recent gains in WTI and Brent were a treat for investors and a boon for oil bulls. The original catalyst for this most recent rally was a bullish inventory report, with the EIA announcing that inventories at Cushing, Oklahoma, had declined by 5.8 million barrels. A larger than expected drop of 600,000 bpd in Iranian exports helped to drive prices higher still. Finally, the maiden speech of the Fed’s new chairman, Jay Powell, served to weaken the dollar and send oil prices upwards once again.

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brent crude oil chart - goldsilverreports

Brent Oil Continues to rise – Analysis – 12 April 2017

brent crude oil chart - goldsilverreportsBrent oil price resumes its positive trading after leaning on the intraday bullish channel’s support yesterday, to support the continuation of the rise in the upcoming sessions, we believe that the way is open for heading towards the recently recorded top at 58.36 as a next main target.

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