The S&P 500 rallied over its 50-day MA against the background of rising oil. Black Gold has reached more than $ 70 a barrel after the US urges its allies to stop importing Iranian crude oil.
President Donald Trump said he could take a less confrontational way of limiting Chinese investment, adding that the US would not block certain technologies.
The rise in oil has led to an increase in US markets, so I expect an increase in Asian markets. Under these circumstances, we can focus on energy companies.
Source: Bloomberg Finance L.P.
Chart:: Used with permission of Bloomberg Finance L.P.
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