Market Insight

The latest analysis of popular markets from our team of industry experts.

CFD trading is high risk and may not be suitable for everyone.
Oil bear market could ease at $40

Oil has entered a ‘technical bear market’ but there have been many sings of the weakness in oil leading up to this including lower highs, broken trendline and weak momentum. Still, $45 per barrel in Brent and $40 in US crude could provide short-term relief.

 

This is LCG’s daily Market Snapshot. Our Senior Market Analyst Jasper Lawler offers a concise analysis of one of the day’s key themes or events and how it could affect the charts of an asset within the stock, forex, indices or commodities market.

 

Losses can exceed deposits.