Daily Archives: 2016-04-05

Crude Oil facing headwind, euro testing key resistance level

By Margaret Yang Commodities – Crude oil is facing headwind as Saudi Arabia hesitated to commit to freeze production unless Iran agrees to join the output freeze camp. This has brought down the market’s expectation of what will be achieved in the long-awaited production freeze talk on 17th Apr. On the other hand, we are seeing profit taking in the …

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