01Jul2015 Market Update: Markets Slip Off Morning Highs And Are Expected Fall Further Along With Falling Oil Prices

(Before It's News)

Written by Gary

Today it is all about Greece. Markets opened almost one percent higher and have gradually melted off the morning highs as a defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal. WTI oil has fallen solidly into a key support on surprising news of larger than expected inventory build, but is expected to rebound fractionally this time around.

Baring any surprising positive news, the markets are expected to fall off fractionally as the U.S. dollar rises, but remain In the green by the closing bell.

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