Oil Price Fell

Last Thursday 25 September I mentioned that oil price looks to go lower as the indicator signals so. At that time oil price was trading at US$104.50 now oil price is trading at US$101.05. Details here.

If you had traded supermini oil contract in FXYard platform, your profit will be (104.50 - 101.05) x 100 = US$345. Click here to open account.

The $700 billion bailout package reduces the chance of a complete meltdown, but worries on the demand side will continue to weight on oil prices. Indicator continues to signal sell for oil.