$Rex Intl (5WH.SG)$$RH PetroGas (T13.SG)$$Dyna-Mac (NO4.SG)$...
Oil prices rallied 3% Wed, defying a humongous U.S. crude build, as bulls bet on weakening rate hikes from sagging inflation and a Goldman Sachs call for oil to reach USD110 this year.
Brent crude settled up 3.2% at USD82.67 while WTI crude rose 3% to USD77.41.
Economists expect CPI for Dec to increase by 6.5% from 7.1% in Nov.
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Momentum Trader :
This sector looks like warming up again! Waiting for chart setup.
bullrider_21OP Momentum Trader: Yes. Oil prices look like going up with the China reopening.
Jet Bomb Momentum Trader: do you not see the death cross forming? $Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH.US)$ just got one... but that's bullish right
Momentum Trader Jet Bomb: There are all forming bases now. For the daring and expert traders, they may start a first position at low cheat areas. I’ll wait a while for better setup and let the stocks guide me instead. Cheers
Audiwin :