Friday, September 22, 2017

Sep[8] - Market Updates

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)

No comments:

Post a Comment