Friday, November 25, 2016

Nov[9] - Market Updates

Crude Oil:
Crude oil price fell 4% on last trading day. Immediate support is ~45. Stronger Support is around 41.5 ~ 43. Ahead of OPEC meeting next week, most regional indices have been riding a bullish week. Shall OPEC fails to deliver any satisfying production cut, oil traders could react badly. It would be interesting to see whether recent happy Thanksgiving mood gets affected.

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

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