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FTSE underperforms on low oil and energy prices

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE underperforms on low oil and energy prices by Ipek Ozkardeskaya The European stock markets reversed earlier losses on the weaker euro, leaving the FTSE stocks back in the negative territory. The rout in iron ore is leaving its mark and preventing any credible moves through the 6400 level. The FTSE effectively underperforms its European peers this morning and the negative divergence is mostly due to its high level of exposure to oil and commodity prices. The WTI contacts traded down to

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