Clear Divergence formed, Strong Short Market Sentiment
U.S. stock futures declined with equities in Asia amid a potential escalation of tensions between Washington and Beijing, and after signs China’s economy remains under pressure. Treasury yields extended last week’s retreat and the dollar fell. [Weak USD]
Oil in London extended its gains near $62 a barrel after OPEC and its allies agreed on production cuts and protesters forced the shutdown of Libya’s biggest crude field. [Oil price up]
This summed up market direction till the end of this quarter. Happy trading folks. Manage your risk wisely.
Bloomberg, 10 December 2018
bloomberg.com/news/articles/2018-12-09/asia-stocks-to-drop-on-china-data-trade-tension-markets-wrap?srnd=premium-asia
bloomberg.com/news/articles/2018-12-10/oil-extends-gain-on-opec-s-output-pact-and-libya-s-field-outage
Oil in London extended its gains near $62 a barrel after OPEC and its allies agreed on production cuts and protesters forced the shutdown of Libya’s biggest crude field. [Oil price up]
This summed up market direction till the end of this quarter. Happy trading folks. Manage your risk wisely.
Bloomberg, 10 December 2018
bloomberg.com/news/articles/2018-12-09/asia-stocks-to-drop-on-china-data-trade-tension-markets-wrap?srnd=premium-asia
bloomberg.com/news/articles/2018-12-10/oil-extends-gain-on-opec-s-output-pact-and-libya-s-field-outage
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.