Global macro overview for 07/10/2015:
The crude oil inventories data reales is scheduled for today. The market expects a positive number of +2000k barrels, which is lower than last week' figure of +3955k, but is still a solid number of stockpiles. Nevertheless, the crude market is still oversupplied, despite OPEC countries are trying to decrease the production.
From the technical point of view, the market has broken above the golden trend-line dynamic resistance. It is currently trading at the important technical resistance at the level of 49.31. Please notice that the round number of 50 might put a cap on any further rally.
