Energy markets are in a free-fall, with WTI crude prices reaching their lowest levels since 2002, as it is clear that they are facing both demand and supply shock, strategists at TD Securities apprise. Key quotes “The 60d ma of all technical signals in our basket of 75 momentum and mean-reversion strategies, highlights that 19% of signals are short in WTI crude — suggesting substantial room for further deterioration.” “Among the momentum signals alone, there remains substantial room for deterioration with only 33% of signals short.” “As Saudi Arabia boosts exports to a record high of 10m bpd, we suspect that the price war is here to stay — forming a downtrend that may outlast the virus’ demand shock alone.” 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 EU looking to activate ECB’s emergency bond buying – Bloomberg FX Street 2 years Energy markets are in a free-fall, with WTI crude prices reaching their lowest levels since 2002, as it is clear that they are facing both demand and supply shock, strategists at TD Securities apprise. Key quotes “The 60d ma of all technical signals in our basket of 75 momentum and mean-reversion strategies, highlights that 19% of signals are short in WTI crude — suggesting substantial room for further deterioration.” “Among the momentum signals alone, there remains substantial room for deterioration with only 33% of signals short.” “As Saudi Arabia boosts exports to a record high of 10m bpd, we suspect… 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.
