The strong sell-off in crude means that the FTSE 100 (Strong Sell) which is heavily weighted towards oil stocks is heading towards posting a third negative week in a row.
It will be interesting to see if the S&P 500 (Strong Buy) holds positive ground for the week. It risks posting 5 successive red candles. The bar it would have to clear to post a positive weekly return is 3296. Currently trading at 3,321 there could be at least a test of that level as Presidential Covid infections and Non-Farm Payrolls come in to play on Friday.
Crude Oil WTI
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