The Traderszone Network

Published in TZ Latest News 30 October, 2016 by The TZ Newswire Staff

Gulf Stocks’ "Death Cross" Suggests Crude Slide Has Legs

After 7 straight days up, Middle East stocks sank overnight on the heels of dashed hopes of an oil ‘freeze/cut’ deal. The end of the dead cat bounce coincided with the formation of a “death cross” in Bloomberg’s GCC 200 index which did not end well for oil or stocks the last two times…

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