Problem pressures for Crude oil keep growing as bodily call for traits proceed to become worse. Crude costs is also at the cusp of a breakdown, TD Securities Senior Commodity Strategist Daniel Ghali suggests.
Problem pressures on oil costs keep growing
“Algos are also being whipsawed in WTI crude, but downside pressures continue to grow as physical demand trends continue to deteriorate.”
“Our simulations of future prices now suggest that it will take an uptape to prevent deteriorating trend signals from catalyzing large-scale CTA selling activity over the next week. Crude prices may be on the cusp of a breakdown.”
