Al Jeezera is reporting that:Qatar says Israel agrees to a ceasefire proposal.There has not been an acceptance from Hamas as of yet. Crude oil has moved lower and is now negative on the day at $75.49 (down around $0.30). Technically, the price has moved below the 200-hour MA at $76.03, and run to new session lows (and lowest level since January 24). The price low has also reached to and through the 50% midpoint of the move up from the January 17 low to the January 24 high at $74.92. The low just reached $74.43. This article was written by Greg Michalowski at www.forexlive.com.
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