Summary
US overnight dragged down by banks, about -2%, caused by profit warning. cautious advice to investors that invest in banks
Oil also dragged, drops about $2. Continue expecting trading range to be 44 -52, ie long on support, short on resistance
At current level at 48, he continue to have bearish view on oil and may trend down to revisit 44
Continue favour REITs
Shanghai index strong support 3000 - 3050, suggest to long around this range. Overall big range is 3000 - 3300
Source : Radio Capital 95.8 FM
US overnight dragged down by banks, about -2%, caused by profit warning. cautious advice to investors that invest in banks
Oil also dragged, drops about $2. Continue expecting trading range to be 44 -52, ie long on support, short on resistance
At current level at 48, he continue to have bearish view on oil and may trend down to revisit 44
Continue favour REITs
Shanghai index strong support 3000 - 3050, suggest to long around this range. Overall big range is 3000 - 3300
Source : Radio Capital 95.8 FM
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