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Oil price continues to rally

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    No company news this morning but worth commenting on the oil price which as you can see continues to rally, at one stage yesterday Brent traded at $41.04. Two things are happening, one is technical, as I mentioned yesterday the oil price charts are very strong and pulling buyers in. Brent for example is 51% up from the 12 year low of $27.10 on January 20th which by any standards is an astonishing move whatever the fundamentals are like. WTI is almost as good and of course as any

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