Following US sanction on oil import from Iran and surprising depletion in its domestic inventory on week before, crude oil has been rally ~ 20% for past two weeks. Few bearish factors could be expected, such as rising production from OPEC and Russia. Tariff war between US and China could restrict import from China as well. Trader could position from following ETFs for consolidation movement of oil price.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA).
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