The Energy Space
Energy Price Outlook
Oil prices may stabilize and begin to move higher over the next few days. The strong selling that took place on Monday and Wednesday affected energy markets more than any other commodity and the cause is still unknown. Selling by an algorithmic trading system is still a strong possibility as open interest has fallen 47K contracts between Monday & Wednesday. An end to the system's liquidations could create enough stability that encourages bargain-hunters to re-enter the market on the long side. Support could also come from ongoing Middle East tensions and from the likelihood that Wednesday's inventory figures reverse to a degree next week....1630 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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