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Crude Oil Forecast And Technical Analysis Nov 14th

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Crude Oil Forecast And Technical Analysis

We made a detailed research yesterday to clarify the short-term direction of Crude Oil prices. I will write few things about fundamentals first then I will try to analyze the charts.

Headlines of the fundamentals:

From Reuters: Oil prices fell on Tuesday as the prospect of further rises in U.S. output undermined ongoing OPEC-led production cuts aimed at tightening the market.The falls came after both crude benchmarks early last week hit highs last seen in 2015, but traders said the market had lost some momentum since then.Traders said they were cautious on betting on further price rises.

Today API data will be released.

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This article was written by Emre Tutucu for http://www.fxters.com/crude-oil-forecast-technical-analysis-2/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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