Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
2 Apr 2015

WTI Crude trades below USD 50.00/barrel

FXStreet (Mumbai) - Crude prices in the US have weakened slightly to trade at USD 49.82/barrel, after posting 5% gains on Wednesday.

The gains were driven by a drop in the US crude output reported by the Energy information Administration (EIA). Crude production in the US dropped 0.4% to 9.4 million barrels per day (bpd) in the week to March 27, the first weekly decline since the end of January. However, domestic inventories rose 4.8 million barrels last week to 471.4 million barrels, hitting record highs for a 12th straight week, the EIA said.

Meanwhile, Iran and six world powers were closer to a preliminary accord on Tehran's nuclear program, but were stuck over key details such as lifting U.N. sanctions and Iran's future atomic research.

WTI Crude futures clocked a high of USD 50.09 earlier today, before inching lower to trade at USD 49.82. Still, prices are trading well above its 50-DMA located at USD 49.283.

WTI Crude Technical Levels

The immediate resistance is seen at 50.48 (100-DMA), above which gains could be extended to 51.07. On the flip side, a break below 49.28 (50-DMA), could drive the pair lower to 48.66 (10-DMA).
Apr 2, 2015

Italy Public Deficit/GDP fell from previous 3.5% to 2.3% in 4Q

Read more Previous
Apr 2, 2015

NFP Forecast at 240k – ING

Rob Carnell, Chief International Economist at ING, expects US NFP to print a decent figure at 240k, and unemployment rate and wages to remain unchanged.
Read more Next