Brent oil
Significant drop we saw last week the brent oil market, the exchange rate half year low of events. The round number, the $ 50 level is broken by fairly large, 4 $ fall unfolded, and the end of the day on Friday, again, retracted the exchange rate to the $ 50 level near. The above events since sideways after we 48,5- $ 50 range. Afternoon oil inventory data will be published.
COT reports: “The April 26.- may 2. weeks involving COT-report data on the basis of the test funds, a further reduction in long positions (the test commodity futures products based on turnover) – stands out in the oil-long stock of a 20% fall. The oil-long cut on the before the oil last Thursday, down 47 USD/barrel level of support. It is expected to decline further and the long/short ratio, but it should also stabilising the market.”
