WTI Crude Oil F...from Sally-vt

WTI Crude Oil Futures (Oct) Oil retreated after the EIA crude oil inventories data The U.S. Energy Information Administration (EIA) reported that crude oil inventories rose 2.03 million barrels in the week ending September 4 (-1.96 million barrels expected) to 500.4 million barrels. U.S. crude oil inventories are about 14% above the five year average for this time of year. #forextrading #forextrader #forex #forexstrategy #forexmoney #forexmarket #forexlifestyle #forexsignals

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Saudi Arabia cut the September oil prices to Asia and Europe for the first time in four months But left prices for U.S. buyers unchanged keeping exportation toward this region near historical low level At the same time, Bloomberg reported Crude imports into China dropped in July to 51.29 million tons from 53.18 million in June Later on Friday, Baker Hughes will report the oil rig counts for the U.S. and Canada Crude oil prices remains under pressure Let's have a look at the intraday picture From a chartist point of view, prices are drawing a consolidation within a declining channel With current upper boundary at 42.15 acting as a key resistance

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Tech Sees Recovery But Stocks Set to Slide for Week U.S. stocks rose slightly on Friday as tech shares recovered some of their losses for the month. However, Wall Street is still headed for its fourth consecutive week of losses. #forextrader #forexsignals #forex #forexstrategy #forexmarket #forextrading #forexlifestyle #forextrading #forexmoney #forexlifestyle #signal

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