trusted trading apps malaysia–HXFXglobal reminds you:
Interest Hike For FED May Be More Aggressive Than Expected, US Oil Teeters
US CPI(Jan) Overtook Forecast, Probability Of More Aggressive Rate Hikes By FED Increases
【Strategy】
Investors are recommended to consider marginal Short at market price, Target 88.70, Stop-Loss by 89.80.
【NEWS】
The latest U.S. CPI in January without a seasonally adjusted annual rate of 7.5%, higher-than-expected inflation data has increased the probability of aggressive interest rate hikes by the Federal Reserve. The appreciation on USD may dragged the prices of all USD-measured commodities down, especially oil. On the other hand, the market are taking extra cautions for the progress of US-Iranian nuclear agreement. Analyst forecast, once the deal was made, Iran may release approximate one million barrels of crude oil per day. In short, US Oil’s pullback hasn’t changed, would suggest Investors to consider grasping the odd for Bearish operation.
【Technical】
In 60Mins range, (5,10,20)Tri-MAs tangles. MACD holds mild longing momentum. KD continue to decline. In brief, US Oil’s short-term pullback hasn’t changed, would suggest Investors to take the rare opportunity for Short orders.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.
(*Remark: market price aforementioned is limit to the pricing in vicinity to when the article is published, the outdated pricing may or may not be the best for good)
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