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Oil slumps to 12 year low

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks closed marginally higher on Monday switching between gains and losses as energy sector fell with falling oil prices. The dollar strengthened, live dollar index data indicate the ICE US Dollar Index, a measure of the dollar’s value against a basket of six major currencies, edged up 0.5% to 98.784. The Dow Jones Industrial Average added 0.3% to settle at 16.398.57 after falling 6.2% last week. The S&P 500 gained less than 0.1% as energy stocks led the decliners with 2% loss. Biotech

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