Saturday, September 24, 2016

Sep[8] - Market Updates

Crude Oil:
Oil price has been bouncing within a descending triangle over past one month as below. Opec members shall meet non Opec member, Russia on 28 Sep. The decision from meeting might decide which direction shall price break out from the consolidation zone.

Singapore:
Market generally cheered with dovish stance from US Federal Reserve. STI moved up on last week, but capped with down sliding resistance line. Price shall break up 2900 to show some up moving strength.

Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA)

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