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Oil Daily Review November 9, 2018

Oil Daily Review for November 9, 2018

Oil Price Outlook Mired by Ongoing Oversold RSI Signal

Recent price action keeps the downside targets on the radar for oil especially as the Relative Strength Index (RSI) sits in oversold territory for the


USD/CAD rallies to fresh 2-month highs above 1.3180 on stronger USD and oil sell-off

The USD/CAD pair gained more than 70 pips in the last hour as the greenback gathered strength after the Fed decided to keep the policy rate unchanged


U.S. oil benchmark settles lower, enters bear market

U.S. oil futures fell on Thursday, suffering a loss for a ninth straight session and marking their entrance into a bear market, down more than 20% fro


WTI Crude Oil and Natural Gas Forecast November 9, 2018

The WTI Crude Oil market initially tried to rally during the trading session on Thursday but found resistance again at the $62.50 level. With the surprise bu…


Oil testing lower as buyers flee for the hills, WTI dropping from $60.50

Broader oil markets continue to see steady declines, and WTI barrels have fallen by 20% in barely sick weeks. With oil market now officially in “bear


Crude Oil Prices Shrug Off OPEC Chatter, Drop on Fed Outlook

Crude oil prices shrugged off chatter about a possible OPEC output cut in 2019, dropping yet again as a hawkish shift in Fed policy bets


Crude Oil Prices May Extend Fall as Fed Boosts USD, Sinks S&P 500

Crude oil prices flirted with a 10-day loss, an eleventh would be the longest losing streak in over thirty years. Fed, stronger US Dollar and


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