I believe that markets may move bullish for the following reasons: (THIS WILL ALSO APPLY TO UK OIL)
The usoil markets have been bullish the past few days, so much so that price has pushed above the resistance created on the 3rd of Jan this year.
markets then retested this now support zone along with the broken resisting trendline.
we also not that the RSI is showing price is above the 50% so more bullish movement is expected
HOWEVER keep in mind market may move bearish if OPEC meeting turns out with a negitive sentiment for oil news at 09:00 CAT and positive for the oil will end up will bullish movement
if bearish movement holds we will see a break below support, a retest then more bearish movement
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fundamentals
TUESDAY, JANUARY 4
09:00 (NB)!!!!
USD OPEC Meeting
------------------------------------------------------------------------------------------------------
15:00
USD ISM Manufacturing Employment Index(Dec)
USD ISM Manufacturing New Orders Index(Dec)
USD ISM Manufacturing PMI(Dec)
USD ISM Manufacturing Prices Paid(Dec)
-------------------------------------------------------------------------------------------------------
WEDNESDAY, JANUARY 5
13:15
USD ADP Employment Change(Dec)
14:45
USD Markit PMI Composite(Dec)
USD Markit Services PMI(Dec)
-------------------------------------------------------------------------------------------------------
19:00
USD FOMC Minutes
The usoil markets have been bullish the past few days, so much so that price has pushed above the resistance created on the 3rd of Jan this year.
markets then retested this now support zone along with the broken resisting trendline.
we also not that the RSI is showing price is above the 50% so more bullish movement is expected
HOWEVER keep in mind market may move bearish if OPEC meeting turns out with a negitive sentiment for oil news at 09:00 CAT and positive for the oil will end up will bullish movement
if bearish movement holds we will see a break below support, a retest then more bearish movement
-------------------------------------------------------------------------------------------------------
fundamentals
TUESDAY, JANUARY 4
09:00 (NB)!!!!
USD OPEC Meeting
------------------------------------------------------------------------------------------------------
15:00
USD ISM Manufacturing Employment Index(Dec)
USD ISM Manufacturing New Orders Index(Dec)
USD ISM Manufacturing PMI(Dec)
USD ISM Manufacturing Prices Paid(Dec)
-------------------------------------------------------------------------------------------------------
WEDNESDAY, JANUARY 5
13:15
USD ADP Employment Change(Dec)
14:45
USD Markit PMI Composite(Dec)
USD Markit Services PMI(Dec)
-------------------------------------------------------------------------------------------------------
19:00
USD FOMC Minutes
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.