Global growth concerns on US-China trade spat and rising supply weigh down on the prices. Risks remain to the downside, $ 66 is the key level to beat for the bears. WTI (oil futures on NYMEX) is back into the negative territory and revisits the daily lows near $ 66.60 levels, as the bulls failed to resist above the 67 handle. The Asian rebound in oil prices lost legs near 67.25 region, as the European markets trade on a cautious footing amid ongoing Italian budget woes, with downbeat Italian Q3 GDP figures denting the risk sentiment further. Markets already remain cautious amid escalating US-China trade tensions, which continue to fuel the global economic growth concerns and weigh down on the risk asset, oil. More so, comments from the IEA Chief Birol combined with expectations of rising US oil supplies collaborate to the renewed weakness seen around the barrel of WTI. The focus now remains on the US API weekly crude stocks data due later at 2030 GMT for the next direction in the prices. WTI Technical Levels Resistance: 67.28 (5-DMA), 68 (round number), 68.56 (Oct 19 low). Support: 66.50 (psychological level), 66.05 (Oct 24 low), 65.74 (Oct 23 low). 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 Trump seeks to sign an order to end birthright citizenship – Axios FX Street 4 years Global growth concerns on US-China trade spat and rising supply weigh down on the prices. Risks remain to the downside, $ 66 is the key level to beat for the bears. WTI (oil futures on NYMEX) is back into the negative territory and revisits the daily lows near $ 66.60 levels, as the bulls failed to resist above the 67 handle. The Asian rebound in oil prices lost legs near 67.25 region, as the European markets trade on a cautious footing amid ongoing Italian budget woes, with downbeat Italian Q3 GDP figures denting the risk sentiment further. Markets already remain… 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.
