Hello all, I don't understand the large up-gap (about 200 points) in WTI last night. My understanding is that WTI rallied strongly on the dovish FOMC comments because the dovish comments caused US dollar weakness. As WTI is denominated in US dollars, WTI rallied on the dollar weakening. It rallied from around $42.50 to $45 at 9pm GMT. However on my charts (on FXCM) WTI gapped from $44.70 at 9.10pm GMT to $46.60 at 10.30pm GMT. Looking at the USD pairs (such as GBPUSD or EURUSD) the dollar seem to have stabilised during this time period, so I don't understand why Oil rallied further. Can anyone enlighten me on this? Thank you I did not find the right solution from the internet References : http://www.trade2win.com/boards/commodities-money-markets/204382-wti-gap-wednesday-night-explanation.html best video advertising
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