Oil drops sharply, extending last week slide and drops 8% in 6 days. WTI bottoms at $67.50, the lowest since June 22. Crude oil prices are falling sharply on Monday. West Texas Intermediate Futures dropped from levels on top of $70.00 to $67.55, the lowest level since June 22. From the lows, rebounded modestly and near the end of the session was hovering around $68.30, down 4% for the day. The slide was boosted by comments from US Treasury Secretary Steven Mnuchin. He said the administration will consider the use of waivers for countries to continue buying Iranian supplies. WTI continues to retreat from multi-year highs that reached earlier in July above $75.00. Since then dropped more than $7 and it was trading at the 61.8% retracement of the move from June 18 to July 3. Technical levels To the upside, resistance levels might be seen at $69.25, $70.30 and $71.20. On the downside, support could be located at $67.80, $67.20 and $66.20. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: Less dependence on the US – NBF FX Street 5 years Oil drops sharply, extending last week slide and drops 8% in 6 days. WTI bottoms at $67.50, the lowest since June 22. Crude oil prices are falling sharply on Monday. West Texas Intermediate Futures dropped from levels on top of $70.00 to $67.55, the lowest level since June 22. From the lows, rebounded modestly and near the end of the session was hovering around $68.30, down 4% for the day. The slide was boosted by comments from US Treasury Secretary Steven Mnuchin. He said the administration will consider the use of waivers for countries to continue buying… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
