Market Insight

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.

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