Crude Oil Prices Might Rebound But Sentiments Signal Topping

Crude Oil Prices Might Rebound But Sentiments Signal Topping

From fxdailyreport.com

The prices of crude oil dropped, echoing the extensive weakness in the cyclical assets. The growth seemed to drive the Dow Jones industrial average resoundingly feel as the Nasdaq 100 ended the day higher. This seemed to show that the bets on the extended interruption of the physical-economic activity and the parallel preference for companies within the lockdown friendly tech space. Much of the selloff was technically registered in this run-up to and the key aftermath for the release of the 2nd quarter US Gross Domestic Product data. This showed a new record 32.9% drop. Also, the markets reversed uptrend to reduce ... (full story)

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