WTI Drops 7.6% in Asia, $77 Support at Risk
WTI crude futures fell 7.6% to around $78.60 during Asian trading, with further pain likely if the $77 level breaks.
WTI
West Texas Intermediate (WTI) futures on NYMEX slumped 7.6% to approximately $78.60 per barrel in Asian trading, holding onto early losses. The sell-off put the $77 support level squarely in focus. A failure to hold that zone could trigger additional selling pressure and deepen the downturn, according to technical forecasts.
Source: FXStreet Forex News