Oil:
Crude oil has been rallying in price for past two weeks. The major catalyst would be sanction imposed on oil export from Iran on Nov. Current price is approaching to 75 which is peak since 2016. OPEC and Non OPEC have been increasing production in fact. It would be interesting to see whether the resistance could be breached on coming week. Trader could trade take advantage on such volatile movement from oil price by following ETF:
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
No comments:
Post a Comment