Guest Commentary: Oil Prices Fell Very Sharply Yesterday, What's Next?

Oil prices fell very sharply yesterday. These falls were related, in part to the 2% bump in USD compared to EURO. What is headed for oil prices today?

CABLE – Very Cautiously Bullish Above 1.6617

Supported by positive momentum CABLE was bought to new 17-month highs yesterday. However, these levels were attained in Asia and the European day was dominated by profit taking that reversed all of those overnight gains. Thursday was therefore dominated by the upside rejection but overnight trading has seen a renewal