Brent oil breaks resistance in both 60min and daily and breaks
MA200 in daily charts. Receives a buy signal in MACD as well. Brent
is a better indicator for macro than WTI as brent has taken over
WTI as the leading quality in the oil market. The WTI price seems
to be more dependent on domestic US factors.
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Brent oil breaks resistance
Posted by lebow on 16th of Oct 2011 at 01:49 pm
Brent oil breaks resistance in both 60min and daily and breaks MA200 in daily charts. Receives a buy signal in MACD as well. Brent is a better indicator for macro than WTI as brent has taken over WTI as the leading quality in the oil market. The WTI price seems to be more dependent on domestic US factors.