Brent crude extends downside correction now today
The drop below $94 per barrel reported here earlier on has now extended further to the downside as the price draws towards $93.25. It was noted here earlier; that the RSI was approaching an overbought position above 80, on a 14 Day basis. Well, that has now eased somewhat as the price has fallen back. The low seen so far has just been set at $93.34. It is above that low right now, currently trading at $93.45
Market News
All News-
DAX has a look above 16,500 and takes one step closer to a new record
Following on from a series of updates this week and last, the DAX has taken one step close to a new record high this afternoon. The DAX has lifted...
-
Dow Jones and Nasdaq flips positions as yields fall and tech rebounds
Ever since the opening for the US stock markets today we have seen a reversal in the divergence between the Nasdaq 100 and the Dow Jones, That is to...
-
GBP/USD takes out double bottom at 1.2604 but rebounds on JOLTS data
Not long before the US economic releases this afternoon, the GBP/USD made a brief move below the noted 1.2604 double bottom on the daily charts. The...