16 Nov 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."
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."