Monday, November 16, 2015

Oil headed for $40 again? - BBH

FXStreet (Guatemala) - Analysts at BBH noted that Oil prices have broken down and are now at their lowest level since late-August.

Key Quotes:

"The only element of caution from the technical condition is that the January light sweet contract is through the lower Bollinger Band (~$43.65). Still, outside of a near-term technical bounce a retest on the $40 level is likely. Initial resistance is pegged near $42.80."
For more information, read our latest forex news.

No comments:

Post a Comment