Oil Declines From November Highs

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Nov. 12 (Bloomberg) -- Bloomberg Tradebook's Greg Bender reports on the price of oil on today's "Futures In Focus" on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Fundamentals tell us about crude?

They are putting pressure on prices and prices are responding.

We saw an event last week where we rallied to the 200 day moving average but could not get above it.

Now it is starting to slow down, which means it could be a long- term shift.

We have seen hedge funds and speculators withdraw the bullish bets the fourth week in a row.

The other thing we look at its options.

The options volatility where the crude fix is at the lowest point in months.

Looking out 30 days, options traders not seeing a lot of price movements.

That is matching the his store all the fertility.

Prices have been trending lower.

On both fronts not seeing a lot of worry.

A be a little bit complacency.

No collapse, but the tame volatility is something you see across the complex.

Not just crude but across metals, energy.

Also seeing it in equities as well.

A lot of london and traders are wondering if this is overcome they sent and getting a little ahead of ourselves here.

Longer-term, crude at best trending sideways to lower.

How do you make honey in the short-term?

Looking at a shorter-term

This text has been automatically generated. It may not be 100% accurate.

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