Positive trade talks

Positive trade talks


#SP500:


We are expecting the bullish rally in the U.S. stock market to continue. “Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchaes of agricultural product & more. Formal signing being arranged,” Trump said in a tweet. This is a positive factor for the stock market. The benchmark S&P 500 is up nearly 28% for the year. The Federal Reserve's decision to change course in early January from its path of raising interest rates helped fuel the rally in the stock market this year.


Trading recommendation: Buy 3220 and take profit 3238.


Positive trade talks


#WTI:


We are expecting the development of ascending trend. Crude prices have risen almost non-stop since December began, spurred largely by promises of deeper output cuts from January by the OPEC+ alliance of world oil producers led by Saudi Arabia and Russia. Positive trade negotiations between the United States and China provide additional support to the oil market. Washington and Beijing may sign the first part of the trade agreement in January. This is a positive signal for the oil market!


Trading recommendation: Buy 59.90 and take profit 60.95.


Positive trade talks


#Boeing:


We are expecting the development of the downtrend. The largest American airline United Airlines said it is extending cancellations of Boeing 737 MAX flights from early March until June. United's announcement is the longest that any U.S. carrier has scheduled for the grounded aircraft, after American Airlines and Southwest Airlines Co canceled flights into early April. Boeing developed its money-spinning 737 MAX jetliner following twin crashes that killed 346 people in five months. This is negative news for the сcorporation.


Trading recommendation: Sell 329.15 and take profit 326.74.


TRADE OILS WITHOUT SWAPS!

 

David Johnson
Analyst of «FreshForex» company
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