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Oil hits $50 in climb to the best levels since July

Discussion in 'Technical Analysis' started by ForexLive, Oct 9, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    WTI crude oil extends breakout The high in WTI crude oil today is $50.01, now above Wednesday's $49.71 peak. Crude stumbled yesterday after bearish US supply figures but it's taking advantage of US dollar weakness today and up 3.5%. A negative note from for a washout in prices has also been disregarded.

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