Can OPEC Consensus Give WTI Crude Fuel to Rally?

From Commentary
April 20, 2017 - 3:17pm
Contrary to the fundamentally bullish news (a drop in inventories), crude futures have quickly become a technically driven trade, and have fallen Just over $2.00 to the June ‘17 contract lows of 50.51 yesterday.While today’s price action has not taken out those 50.51 lows, the muted rally into the 51.40 area could be considered a textbook “dead cat bounce”.

Continue reading this article »