Oil price has been moving within downward channel as below. Last trading day saw it hanging around immediate support ~ 45.8. Baker Hughes result revealed rising active rig counts more than 20 weeks in a row.
Trade on rebounding Oil: Oil ETF (ticker: DBO)
Trade on falling Oil: Inverse Oil ETF (ticker: SCO)
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan)
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