Crude Oil:
Oil
price has been in short rally over last two weeks. Price is close to
two years resistance ~ USD52~55. Latest OPEC meeting didn't come to any
conclusion on any production freeze or extension from previous cut.
Refineries in US has been back to operation upon hurricane attack.
Coming weeks' oil inventory data in US shall determine the direction of
crude oil.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish 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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