The oil extended rebound drove the risk appetite higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The bullish market sentiment could persist for another day driving the major equities future indexes of US higher with absence of the US markets because of the presidency day. After forming double bottom at 1804, SP-MAR16 could bounce up to surpass 1877.50 which stopped it last Wednesday to be traded now close to 1890. While WTI could extend its rebound, after forming a bottom at $26.05 last Thursday to find CL Mar. 16 trading above $30 right now ahead of Saudi and Russian Oil Ministers talks

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