Crude oil has been moving in upward channel as shown in below chart. Current price trend was hovering around support line of the channel. Shall it break down, support could be around 62. 75 is the peak since 2016. Trader could position from following ETFs for volatile oil price movement.
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; US: USA).
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