Forex | Forex Strategies | Oil Trading - Crude Oil Trading Analysis (14/08/2009 11:44:01)

Oil Trading - Crude Oil Trading Analysis

Yesterday's oil trading price action saw crude oil prices reach an intraday high $72.22 per barrel and, at one stage, looked on course to challenge the $73 price point given the weakening of the US Dollar and higher equity markets.  However, oil futures trading suffered a bout of early profit taking and perhaps a recognition of the bearish fundamentals outlined in yesterday's oil market commentary which have been seriously out of kilter for some time.  The oil trading session ended


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