Fallon Financial Commentary: Oil set for the 200-day MA Get the latest market commentary and stock trading ideas from Declan Fallon

The best news for the markets is the steady drip of losses in oil prices. Yesterday's resistance breaks and challenges on 50-day MAs will be helped by the void of support in oil.

Other than the reaction low in late April / early May c$110 there isn't a whole lot to prevent oil prices from testing its 200-day MA. This should translate into higher prices for the broader markets.