WTI crude bounces from $30

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The Day So Far WTI crude briefly broke below $30 a barrel last night before rallying sharply back above $31 into the US close on rumours that the Iranian Navy had captured two US naval vessels after the transgressed into Iranian waters. The focus on crude is such that this late rally lifted the S&P higher by over 10 points and this morning has broken above solid resistance at 1930 overnight after a strong Asian session. If crude can continue to bounce, equities look set for a relief rally

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