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Falls of 89c and $1.44 on the week for WTI and Brent respectively

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Falls of 89c and $1.44 on the week for WTI and Brent respectively seem like quite a result, at times it felt much worse. The reality is indeed worse, at least for the time being and this morning in eastern markets Brent traded intra-day at $36.04 which puts it through all sorts of levels, historic lows, chart support to name but two. The strong greenback doesnt help and the Baker Hughes rig count on Friday showed a new low in natural gas units but a surprise jump in oil rigs of 17 to 541.

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