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CL1!: As #OPEC Meets, #Crude May Feel Disappointed
411 0 5
CL1!, D
As #OPEC Meets, #Crude May Feel Disappointed

Tomorrow, members of OPEC will meet in Vienna, and it is unlikely there will be any policy shifts. Despite the dire straits some OPEC members are in, such as Venezuela, the current crude production policy will likely remain until Iran and Russia agree to some sort of production resolution. MacroView has been overly bearish since June 2014 but indicating that the ...

Nikhil9154 Nikhil9154 CL1!, M, Long ,
CL1!: A CRUDE FACT: OIL REALLY DOESN'T CARE ABOUT IRAQ!
169 0 1
CL1!, M Long
A CRUDE FACT: OIL REALLY DOESN'T CARE ABOUT IRAQ!

Technically, the oil prices are on a strong footing and a monthly close above $115 per barrel would only take the prices higher, towards $145 a barrel, which is near an all-time high. Oil is currently trading above the important Fibonacci retracement level of 61.8% and faces resistance in the price band of $ 115-120 a barrel. For a detailed analysis, visit here: ...

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