forex.pm forex forum binary options trade

<p>Every time oil hits $83 and fades, the importance of that level grows.</p><p>The WTI <a href="https://www.forexlive.com/terms/c/crude-oil/" class="terms__secondary-term" id="e1f1b115-23d2-48c8-98c8-24024dada457" target="_blank">crude oil</a> market has been knocking on the door of that level all week long but was once again beaten back today in a quick fall to $80.22.</p><p>Just yesterday the oil market finally tilted into <a href="https://www.forexlive.com/terms/b/backwardation/" class="terms__main-term" id="9056d3df-8417-47a0-9099-30573ea993e0" target="_blank">backwardation</a> again and that gave the bulls a reason to buy but $83 is putting up a stiff fight. Perhaps oil companies are starting to hedge, given what's happened in the natural gas market.</p>

                This article was written by Adam Button at www.forexlive.com.