Oil Prices, Stocks
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Cameron Dawson of NewEdge Capital points out that oil is now overbought on a relative strength index that is popular in technical analysis. "The combination of being overbought into downtrend resistance suggests that oil doesn’t deserve the benefit of the doubt to press higher from here,
Crude oil prices rose for the second consecutive day, with Brent nearing $75 and WTI over $74 amid Middle East tensions. This surge may negatively impact Indian stocks, but benefit upstream firms like ONGC and Oil India,
TOKYO (Reuters) -Stocks dived in early Asian trade on Friday, led by a selloff in U.S. futures while safe havens like gold and the Swiss franc climbed along with crude oil prices on news that Israel had conducted a military strike on Iran.