Crude Oil Rally Hindered by Gap Resistance, OPEC+ Meeting in Limbo

The V-shaped crude oil recovery has petered out this week as traders wait to hear if today’s mooted OPEC+ meeting will go ahead. Technical resistance is also crimping further upside movement.

from DailyFX – Market News https://bit.ly/2UbuuSJ
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GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since May 01 when GBP/USD traded near 1.25.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.

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