Skip to main content

TRADELINE LIVE CRUDE OIL NEWS UPDATE www.tradelinecommodity.com India's No.1mcx Tips Provider Missed Call @:/8057046270/8057690837

We will provide you Best Online and Offline support 24/7 via WhatsApp,Facebook,Instagram.
www.tradelinecommodity.com
India's No.1mcx Tips Provider
Missed Call @:/8057046270/8057690837
https://api.whatsapp.com/send?phone=918057046270
                               
Crude Oil Analysis: Oil Price Bounce Short-lived
  • Oil Bounce Short-lived
  • Net Long Oil Positioning Drops to Lowest Since September 2017
For a more in-depth analysis on Oil Prices, check out the Q4 FORECAST FOR OIL

OIL BOUNCE SHORT-LIVED

Yesterday’s bounce back has provided an opportunity for oil bears to reload shorts. The lack of conviction in the rise in oil prices suggests that any increase will be short-lived as markets look to find a floor. As we head to the G20 summit and OPEC meeting, it is likely that there will be increased talk regarding the size of production cuts to be announced for the December 6th OPEC meeting. However, with recent bearish reports surfacing yesterday, where Saudi Arabia are currently pumping oil at a record high of 11.1-11.3mbpd, a large cut to production would be needed to provide a modest lift in oil prices.

NET LONG OIL POSITIONING DROPS TO LOWEST SINCE SEPTEMBER 2017

Given the near 30% plunge in oil prices, money managers have liquidated their long positioning, bringing net longs to the lowest level since September 2017. As net longs continue to remain relatively substantial, this poses a risk for further downside in oil prices.

Comments

Popular posts from this blog

Gold Today Report Gold retreats from 1-month high as dollar firms,. Technical Lab 8650986510 www.mcxanalysis.com

Honest Updates

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018 Oil prices jumped on Monday after the energy ministers of top producers Saudi Arabia and Russia jointly said that an OPEC-led crude production cut would be extended from the middle of this year until March 2018. FOR JOINING OUR SERVICES LOG ON www.honestadvise.com OR CALL @7617537676

Fox Premium Calls

Fox Premium Calls includes All Major Segments of Mcx Trading commodities: Gold, Silver Copper, Nickel, Lead, Zinc, Aluminium, Crude Oil & Natural Gas.Fox Premium Calls Services are Specially Designed For Brokers,High Volume Traders and People Seeking High and Quick Returns in Intraday Trading with Trust and Capital Safety.We Provide Combination of 3 services Bullion, BaseMetals & Energy will be covered in This Package.Daily 3 to 4Trading Tips will be provided Upto 98% Accuracy Level will be maintainedSingle Target & Singal Stoploss And Exit will be provided for All calls If Market is so Much Volatile.We are Providing Services in differernt Calls Ranges All the Calls Have Been Designed Considering the Needs of All Types of Clients Trading in the Diffrent Segment. All the Trades Would Strictly Be with stop-Loss. Clients Can Call Us Any Time to Get any information Regarding the Trades Via sms and Telephone.Traders Looking For Highly Profitable Market Have An Opportunity To Ea...