In tandem with DOW Jones, crude oil has recovered it's lost ground since last month. Potential sanction to Venezuela neutralized rising oil output from US. Shall 54 to be broken, oil price could head toward 64 which is next stronger resistance. Coming week will be first FOMC of 2019. It could decide movement of USD thus affect commodities which usually move in reverse. Traders could position by oil linked ETFs.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Market Calendars:
Few more REITs are going to release latest earning results next week.
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