Can Crude Oil Hold its Momentum?
So, Oil has been really volatile on the upside considering sanctions against Iran's Oil and India has also take action in regards to the matter.
The price is already on the upside of the Bollinger, hence it should normalize a little and crude oil inventory announcement is this Wednesday, the forecast is -1.279M whilst the previous announcement was resulted a positive inventory of 1.852M, hence I'm suggesting the result for Wednesday announcement may be slightly disappointing thus it will justify the downward movement of my prediction.
The price is already on the upside of the Bollinger, hence it should normalize a little and crude oil inventory announcement is this Wednesday, the forecast is -1.279M whilst the previous announcement was resulted a positive inventory of 1.852M, hence I'm suggesting the result for Wednesday announcement may be slightly disappointing thus it will justify the downward movement of my prediction.
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