Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
Brent yet to recover much of the heavy losses seen yesterday
Yesterday the price of Brent crude extended the report fall bellow a noted double bottom in place on the daily charts. That potential breakdown was highlighted here a few times before it took place and a later update here noted the fall towards $69 per barrel in the November contract. Well, subsequent to that update, Brent fell further, reaching a low at $68.68 ahead of the European close. The rebound that followed into the NYMEX settlement saw it lift back above $69, but it came nowhere close to recovering the earlier breakdown level around $70.60. Brent later settled $2.65 lower on the NYMEX exchange, at $69.19. Later on the US private inventory data showed a greater than forecast draw, but that did not deliver much of a further gain either. So today, whilst off the lows seen yesterday, Brent is yet to come close to reclaiming levels back above $70.60. It is currently trading at $69.57
Market News
All News-
DAX sets new record above 19,500 at the second time of asking
Since a much earlier update here noted the DAX just failing to set a new all time high above 19,491, the index fell back to below 19,400. However...
-
S+P 500 rises to new record above 5,850
The gains in the Nasdaq 100 right from the opening has now seen that index push towards 20,500 and that in turn has helped to lift the S+P 500 to a...
-
US stock markets reopen with early rotation out of the Dow Jones and into the Nasdaq 100
The US stock markets have just reopened and the immediate moves have seen the Dow Jones drop a little further into the red whilst the Nasdaq 100 moves...
