Widespread Global Equity Selloff With Refined Products in US Modestly Up

On September 20, 2012 by TradingDesk

Weak economic data overnight from China, Japan and Europe has sparked widespread selling in stock markets across the globe. Meanwhile, refined products in the US are up modestly, following a 20 cent drop in the first half of the week. With technical studies quickly rolling into bearish territory, target $90 for WTI, $3.00 for HO and $2.80 for RBOB as critical support. If we fail to hold above these levels, another 20 cent drop in product prices may be in the cards.

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