In today’s finance show open, we discuss oil prices, china data, and live chart UK market stocks – ASC, BOO and SGP, with inputs from Zak Mir, Technical Analyst at ZaksTradersCafe, and Mike Ingram, Strategist for BGC Partners.
Key Points
Oil prices up at this year’s highest level equals positive equities
China imported a record amount of crude oil
IMF’s world economic outlook - growth revised downwards to 3.2% in 2016
GBP/USD forming an inverse Head and Shoulder formation
#Broker Forecast – LON: ASC, LON: BOO, LON: SGP
Live charting:
LON: BOO – 60p target
LON: SGP – Will find an uptrend line from December 2014, 1300 the place to go long
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