It's a hurricane market now. We have to watch the impact of the hurricane for the next two days, as it will decide the market direction. |
The market is now waiting for the U.S. government's oil stocks data. If there are any surprising declines in U.S petroleum stocks, crude futures will likely try to breach the $62 mark again. |
The profit taking is still continuing today. |
The upward trend seems sustainable. Speculators are looking out for any news to buy on. |