Ahead Of The Game – PPI, Oil And More Yellen

By | July 16, 2014

There’s a bit of data about ahead of today’s session.

We’ll be seeing more from Janet Yellen, but I won’t expect anything new.

We have PPI out and later regular Oil Inventories.

Oil supply has been expanding recently and Middle East tensions have faded. As a results Crude has dropped below $100 p/barrel.

Managed money have got their net long positions up to very high levels so we are bound to see unwinding ahead.