blog.windsorbrokers.com
Oil price holds in red on rising concerns about slowdown in demand - Windsor Blog
WTI oil holds in red for third straight day and retests cracked key Fibo support at $51.61 (61.8% of $42.36/$66.58 ascend). Fresh weakness retraces the largest part of $50.59/$54.79 corrective action, which was capped by falling 10SMA on Monday. Technical studies send mixed signals on MA’s in full bearish configuration; Stochastic heading south, but oversold …