Oil price susceptible
Oil prices have toned down a bit and are now re-testing the stage on the weakness. From a technical viewpoint, the background is more or less the same as it has been for this month, with prices higher in a well-marked rising channel. If this behavior will keep its action like this, the $80 level might provide support and a basis for the next push uphill. But the dynamics of risk sentiment seem to have been changing hastily from the end of the Wall St session and the opening in Asia. Traders hanged on to somewhat worse than anticipated Chinese GDP numbers and the lower Wells Fargo, the biggest US home lender.
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