Crude oil has been rally since beginning of 2019. Recent price is testing resistance ~ 61. Shall it be breached, next stronger resistance shall be ~ 64, where it formed triple bottom break down on late 2018. Exemption on Iran sanction was extended. Slower pace of global economy could reduce oil demand as well. It's worth to take note that recent up-swing is in tandem with US stock indices. A correction from stock market could affect trading sentiment on oil market as well. Traders could position on oil price with following ETF.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
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