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Chart Forum: Oil and Tesla rally while US indices roll over

CMC Markets

Both Brent and WTI crude are breaking out of consolidation ranges today while US indices start to break down signalling the potential start of a correction. Action in these markets driven by response to improving global economy where good data seen as positive for commodities (resource demand) but bearish for stocks as it encourages central bank to bring an earlier end to the easy money that has fuelled indices. Tesla is rebounding on news that a Germany investigation into the recent fires turned up no manufacturer defects. You can access the Chart Forums through the links below or through the Market Pulse drop down menu.

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