Sospriceaction

Oil back again on a quarterly dynamic support

FX:USOIL   Crude Oil (WTI)
After touching the $ 51.91 price per barrel, oil             has seen liquidations of profits, returning again in 46.50 area.

This price zone is very important, because it meets the dynamic support formed by the beginning of August.

It will be crucial to see how prices react to this key level, especially with the release of data on oil             stocks on Wednesday and the announcement of the interest rate.
Ludovico Reale: financial analyst and owner of www.sospriceaction.com

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