The oil price fell with WTI closing below the magic $40 number yesterday

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 3, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The day before the Opec meeting and pre-meeting jitters are an expected feature, yesterday the price fell with WTI closing below the magic $40 number. The figure that chartists lose a lot of sleep over is $38.99, a massive long term support level so watch this space. This morning crude has rallied around 50 cents as I write but its all in the melting pot ahead of tomorrow. Sundry news out yesterday included Saudi Aramco cutting prices to Asian customers, EIA inventory stats showing a build of

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