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Energy stocks slump on oil glut

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US dollar weakened on Monday after the weaker-than-expected U.S. home sales data (-11.5% in September) were released with the US dollar index, a measure of the dollar value against the basket of six major currencies, falling 0.2% from its 10-week high. Trade volume on US stock exchanges was 16% lower the 20-day average of 7.3bn stocks. S&P 500 dipped 0.19% mainly dragged down by the energy sector (-2.52%) and basic materials (-0.96%). Chesapeake Energy Corp stocks lost 8.94%, Range

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