$50 isn't in the technical level to watch for oil via ForexLive

May 26, 2016 8:19 AM | 17 seconds read |
WTI breaks $50 to highest since October The break of $50 is a milestone for oil bulls but it's not a technical turning point. Three days of gains have pushed oil to the best intraday level since October 12 but it's the Oct 9 intraday high of $50.92 that's the level to watch.

posted via ForexLive

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!