Bullish rally in the stock and oil market | 28 June 2019

Bullish rally in the stock and oil market


#BRENT:


Geopolitical tensions between the USA and Iran have a positive impact on the cost of oil. Tehran’s Islamic Revolutionary Guard Corps said it shot down the U.S. RQ-4A Global Hawk. The Pentagon said that the aircraft, flying automatically and without a pilot, was in international airspace when it was targeted. The drone was brought down not far from the congested and narrow Strait of Hormuz. Investors fear the war between Washington and Tehran! The cost of oil always increases during military conflicts. We are expecting the bull rally!


Trading recommendation: Buy 64.00 and take profit 67.33.


Bullish rally in the stock and oil market


#SP500:


The U.S. stock market set a fresh historical high on June 21. We are expecting the bull rally to continue in the new week. President Donald Trump agreed to meet with Chinese president Xi Jinping G-20 summit in Tokyo in hopes of negotiating a trade deal. Donald Trump announced the start of a new election campaign. Successful trade negotiations will allow Trump to increase the political rating among the population of the United States. The Federal Reserve may reduce interest rates on July 31 and September 18, which will have a positive impact on the value of shares of major American corporations.


Trading recommendation: Buy 2945 and take profit 2990.


Bullish rally in the stock and oil market


#Visa:


The company's share price has increased by 33% since the beginning of 2019. We are seeing a strong bullish trend! The world's largest payment system demonstrates high operating profitability. The company earns a lot on commissions and spends little on business development. The company generates a large free cash flow. Visa grants shareholders generous dividends. Investment funds always like to buy shares of such companies. We are expecting new records on Visa shares!


Trading recommendation: Buy 171.71 and take profit 175.44.

 

David Johnson
Analyst of «FreshForex» company
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