On the market, us oil futures have formed a "death cross," writes Bloomberg.
It is noted that for the first time in June 2017, the 50-day moving average indicator futures prices for U.S. crude Oil fell below the same value for two hundred days. When the image of 2 prices in the form of lines on the chart get the intersection named by specialists the "cross of death" which indicates a possible future price drop.
So, as of 18: 30 (GMT) of January futures for petroleum of mark WTI on the last working day of the week was down 6, 79 percent to 50, 92 dollars per barrel. Just Monday a resource of this brand fell by almost ten percent.
Brent crude fell for the week by about 12 %, and 18: 30 (GMT) totaled 58, 94, a dollar per barrel. Just Friday the January futures for Brent fell by 5 and 85 percent. According to the Agency, the price of oil this brand fell below the key support level in early trading on the London stock exchange, however, the "cross of death" he observed.
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