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Crude on slippery slope again; keys levels being tested

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Brent oil has almost given up the entire gains made in the second half of last week and is down about 3% today. WTI is holding its own relatively well, though it too is sharply lower at the time of this writing. Brent’s underperformance is undoubtedly because of the latest Chinese data which points to continued slowdown in economic growth there, and in turn oil demand, and news that the Iran’s nuclear deal has been formally adopted, bringing the day when Tehran is expected to flood the

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