Against the fact of oil glut, crude oil has been riding on a bullish week. Two resistance were broken in one week. A double top breakout was formed at 41.56. The peak ~ 43.12 since Dec 2015 was broken as well.
Dollar Index:
Looking into next week, US dollar index could be in focus. Generally, stronger USD could derail USD denominated commodity prices. Central bank of Japan and Federal Reserve will be deciding their latest monetary policy on next Thursday. USD has been sliding since Yellen downplayed possibility of rate hike in FOMC on March. Asia markets has been benefited as well.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA)
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