WTI surges to one month highs, whilst USD remains vulnerable

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Global Market WTI bulls gained inspiration during Tuesday’s trading session when US government data suggested that the global oil supply glut could be diminishing. This unexpected news resulted in the commodity not only advancing $2 but achieving its highest value in over a month at $49.00. This stronger oil price should provide strength to currencies with export linked commodity exports. Despite the inspiration gained by WTI bulls, the global themes concerning the decline in commodity prices,

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