From the Floor: Oil bumping against support remains vulnerable

After a steep drop crude oil is bumping against support levels and remains vulnerable to further long liquidation if those levels fail to hold up. The euro strengthened vigorously across the board on Thursday after ECB president Mario Draghi was forced to admit that the economic outlook has improved. And bond yields are on the move.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/from-the-floor-oil-bumping-against-support-remains-vulnerable-8528614?utm_medium=tf4-feed&utm_source=extract