United States Oil looks like rebounding from the $9.50 support after the huge sell off recently. Is the Double Bottoms in formation?
Next support at $9.00 if this support is broken.
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Soybean Meal has formed a Morning Doji Star at the support after a huge sell down since Feb 2017.
Happy trading!
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Interest Rate impact on FTSE ST REIT Index
The index has priced in the 3 rate hikes in 2017 towards 1.5% end of 2017. As long as the interest rate hike is within the expectation, there probably will not have any knee jerk effect on Singapore REITs as a whole.
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Fed Fund Rate Forecast and Probability
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FTSE ST REIT Index is showing bullish breakout patterns Double Bottoms, Bull Flag and recently broke out from Bullish Pennant. Short term trend is bullish base on chart patterns.
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Long term is bullish as well after broke out from a declining trend line resistance. However, the index is currently facing a tough resistance at 780 which have been a tough nut to crack under past 9 occasions.
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FTSE ST REIT Index Component Stocks
Original Post from https://mystocksinvesting.com
See other Singapore REITs comparison table here.