Daily Alert – Tuesday 28th June 2022: WTI rises in quiet market
Yesterday was indecisive in terms of risk sentiment. There was little on the economic calendar. I did have a bite at WTI (oil) long as it rose from the 100-day moving average. It is currently slightly in the money. I will watch it closely and will not let it go negative. So, no money at risk on that trade and we hope for a profit.
The calendar is quiet again today, with API Inventories (oil) being the only item on the horizon. I will monitor risk sentiment as the day progresses. The S&P500 has ground to a halt around 3925. A breakout to the upside and a close on the daily chart might tempt me into a long trade.
I’ll be back tomorrow.
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