TSX:PWT - Post Discussion
Post by
makedonka on Apr 21, 2017 12:52pm
Goldman Says Ignore the Technical, Savor the Fundamentals
"
Goldman Sachs Group Inc. says there’s no fundamental evidence in the oil market to justify this week’s selloff in prices. The bank finds the pace of declines in U.S. crude inventories encouraging, with an acceleration in draw downs expected through the second quarter as OPEC cuts output and demand grows, according to a report dated April 20. Meanwhile, a mid-week slide in prices was driven by crude trading through its 50-day and 100-day moving averages, Goldman said."
https://boereport.com/2017/04/20/goldman-says-ignore-the-technical-savor-the-fundamental-on-oil/
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