Post by
bushhog1 on Jun 16, 2016 9:23am
Oil dropped over $4.50 in 6 days
Oil should be up because of the US inventory falling, but the "Market"
saying the fall is not strong enough.
"Oil prices hit their lowest in more than three weeks on Thursday, the sixth straight day of losses and longest bearish run since early 2016, as U.S. crude stocks fell less than expected and concerns over Britain's future in the EU weighed."
https://www.cnbc.com/2016/06/15/oil-futures-down-on-us-stockpile-report-brexit-concern.html
Comment by
number1hit on Jun 16, 2016 9:27am
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Comment by
DocMailloux on Jun 16, 2016 9:44am
For those interested on where oil is going I follow this guy he as been right on the money all along this daily cycle low could stretch to 45$ but oil's rally is not over next stop once oil bottom's is minimum 60$ https://blog.smartmoneytrackerpremium.com/2016/06/oil-getting-close.html
Comment by
PROtrading on Jun 16, 2016 12:15pm
Oil charts shows it's oversold now. Should be interesting to see what happens next.
Comment by
oilman53 on Jun 16, 2016 1:38pm
If it goes up that much, it is a moot point for this Company as they are almost out of time