Oil moves lower after hints of peace from Trump/Putin talks ...Middle East

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Looking at the hourly chart, the price has moved from a high of $68.46 today to a new low of $66.59 currently. The price has also broken back below its 100-hour moving average at $67.32 and its 200 hour moving average is $66.94.

PS US stocks are resuming the move lower with the Nasdaq down -322 points or -1.81% and the S&P down -70 points or -1.23%

This article was written by Greg Michalowski at www.forexlive.com.

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