The battle in the oil market between short sellers and “verbal intervention” persists and the latter is lending support to prices and reducing the appetite to sell. We see the price continuing to stabilise with the short-term risk now skewed to the upside.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/saxostrats-wti-crude-oil-looks-attractive-on-dips-8041503?utm_medium=tf4-feed&utm_source=extract
#SaxoStrats: WTI crude oil looks attractive on dips
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