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DAX: global stocks rebound… but will rally sustain?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    European stocks bounced back strongly in the first half of today’s session and Wall Street is set to reopen higher after a long weekend with a big gap. Oil prices have also rallied today with Brent rising for a time above the $30 handle again. The crude rally came despite a warning from the International Energy Agency (IEA) that the global oil markets could "drown in oversupply" which could send prices even lower. But with most of the bearish news already priced in, crude traders seemed happy

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