The sharp slide in stocks earlier drilled October WTI down to 79.38 from 81. 71., as the S&P fell 21 pts in a hour or so.
There’s been a reasonable recovery since back to around 81.00, but expect some more volatility later with the September front month contract nearing expiry.
Some resistance is now pitched towards 83.80/85. Support is some way down at 77.20
Crude’s trading around 80.85
