Christmas has come early for the bulls it would seem, after the G20 Talks between President Trump and President Xi Jinping led to a Truce in the US/China Trade War. All markets popped in Asia and during the UK open, with the S&P 500 up 1.8% at the time of writing… and all other markets …
Stay above is more bullish. Move below is more bearish.
The price of crude oil traded to new session lows at $49.41. Getting below the $50 triggered sellers. The lows this week came in at $50.05 to $50.20.
warkoy@MilesDeep why you think that?. there maybe a correction for OIL if you check the chart. reaching 47$ will make OIL to go correction. and Than we see which direction will go. i hope make correction now...Show More
devasenabathe@MrMoney123 Crude oil price traded with strong negativity to succeed achieving our first target at 54.75 and surpasses it to head towards our next target at 51.46, reinforcing the expectations to continue the bearish trend on the intraday and short term basis, noting that holding below 57.46 represents the most important condition to continue the suggested bearish trend....Show More