In the oil market formed a «death cross»

© RIA Novosti / Vitaly to Timepiece in fotosannette the machine-rocking. Archival photoIn the oil market formed a «death cross»© RIA Novosti / Vitaly to Timepiece the image Bank

On the market, us oil futures have formed a «death cross,» writes Bloomberg.

It is noted that for the first time since June 2017 50-day moving average indicator futures prices for U.S. crude oil fell below the same value for two hundred days. When the image of the two price lines on the chart get the intersection, named by experts as the «death cross» which indicates a possible further fall in prices.

So, as of 18:30 (GMT) the January futures for WTI crude oil on Friday fell by 6.79 per cent to 50,92 $ / bbl. Just Monday a resource of this brand fell by almost ten percent.

Brent crude fell for the week by about 12 percent, and by 18:30 (Moscow time) its price was 58,94, a dollar per barrel. Just Friday the January futures for Brent dropped by 5.85 percent. According to the Agency, the price of oil this brand fell below the key support level in early trading on the London stock exchange, however, the «death cross» he observed.

In the oil market formed a «death cross»© Infographicsrussia forces in the world oil market