Yen does not stop
Leaders of growth and
fall on Wednesday
raw materials market
Brent was able to break through the strong resistance level 51.40
dollars. / bbl. and even went further, referring to the maximum 52.09 dollars. / bbl. Now
in its path there is only one barrier - 52.80 USD / barrel, which is about..
stumbled oil at the beginning of June this year. Current trend - it
favorable combination of several factors in the determination as OPEC
falling commercial stocks of crude oil in the US for 5 consecutive weeks, and
as speculation. As soon as at least one factor leaves the scene, it is
immediately cause a wave of profit fixation with the corresponding correction Brent below
50.00.
The only question is the timing. Quite possibly, it will be
Friday, when there are data on drilling rigs from Baker Hughes. surely,
in the current environment is continuously rising prices accelerated shale projects
defrost preserved at the beginning of the year well.
If not Friday, then the following Wednesday. Since there
high probability to see the growth rate of commercial stocks already in the framework of
the next report. Apart from the fact that the volume of reserves in underground storage facilities
US falls short of the forecast values of five consecutive weeks, there is another
nuance. As history shows, the past four years, it is the end of September
We had the lowest volume of commercial stocks. And it is possible that in
This year, history will repeat itself. Continued on site GK FOREX CLUB
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