Commodity Trade Mantra

Posts Tagged ‘Bullish for Crude Oil’

Futures Market Trend Indicates The Return Of Bearishness In Oil Markets

Speculative movements in the futures market don’t dictate everything, but they are good indicators of market sentiment. Net-long positions in crude futures reduced for a third week in a row. Also the fact that the oil glut persists despite what should be bullish trends – high OPEC compliance, growing demand, and the initial signs of falling inventories – suggests that lower oil prices could be forthcoming.

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