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WTI: Could we see a 20 handle this week?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    It’s been a rollercoaster ride of a day for markets, starting with gut-wrenching volatility in today’s particularly low-liquidity Asian session. While US stocks see-sawed their way to modest gains today, breaking last week’s series of losses, the one constant in today’s trade was weakness in oil prices. West Texas Intermediate (WTI) crude oil shed nearly two points from Friday’s close and while a $2 move would be barely notable with oil trading above $100, today’s move represents over a 5%

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