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US Market Update – Video Analysis

Market Analysis

US Market Update – USOil recovered to $51.10, after printing $50.09 in the aftermath of the OPEC/NOPEC agreement to extend production cut for an additional 9 months, though March, 2018. The contract has traded closer to one-month highs of $52.00 ahead of the reported agreement.U.S. equities are charting a firmer course even as the price of oil dropped, with  USA30 above 20-Day EMA suggestive further upside direction.

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Stuart Cowell

Senior Market Analyst

HotForex

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