Saturday, November 17, 2018

Nov[4] - Market Updates

Oil:
Crude oil showed sign of rebound from support 55. US has been building oil stocks over past few weeks, but OPEC has also signaled potential production cut for meeting on coming Dec. As one of the volatile commodity, trader could utilize following ETF for potential up and down swing of oil price. Shall price swings up, 64 could be immediate resistance.

Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

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