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Oil price drop having a strong effect on the markets

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The Day So Far This morning’s price action has been mainly driven by a hang over from yesterday’s moves that saw yet another large step lower for the commodity complex. Crude oil was the leader with a further fall out from Friday’s OPEC meeting and a very important test of the August low at $37.75. Officially yesterday’s low at $37.50 was a new near 7 year low. Industrial metals also took a pummelling resulting in the broader commodity index plumbing new 16 year lows. The commodity moves carry

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