Oil (5J) 49.63
Oil in a bigger trading range
Market managed to add more drop pressure after the International Energy Agency predicting the lowest demand growth since 2009
Market still holding drop pressure over WTI where Global economic slowdown with reducing expected Oil demand add more drop pressure
Market is trading in a trading range ; in case market has successfully break under 48.50 the market would continue its mid-term down trend to 45s then to 42s.
Daily Trend: UP
Weekly Trend: Down