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The rise of the Gulf markets are subject to the stability of oil prices at 35 dollars



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The rise of the Gulf markets are subject to the stability of oil prices at 35 dollars

Post by rocky on Sun 28 Feb 2016, 2:32 am

[ltr]The rise of the Gulf markets are subject to the stability of oil prices at 35 dollars[/ltr]

 Since 02.28.2016 at 09:04 (Baghdad time)
[ltr]Follow-up - the balance of News[/ltr]
[ltr]Capital Markets analysts said that the stability of oil above the $ 35 level back to the markets of the Gulf gains during trading this week.[/ltr]
[ltr]And contrast the performance of Gulf markets last Thursday, where he drew the small and medium-sized stock trading in Saudi Arabia and Kuwait, while the blue chip stocks, the reason for the decline, Qatar and UAE markets.[/ltr]
[ltr]Brent ended Friday's session down 19 cents, the equivalent of 0.54% to $ 35.10 an adult, and US crude futures closed lower 29 cents, or 0.9% to $ 32.78 a barrel.[/ltr]
[ltr]With the oil drop, US stocks ended the trading day on Friday fell close to 0.34%.[/ltr]
[ltr]Mahmoud al-Khatib said, financial markets analyst Gulf, said the "Gulf markets return to positive performance and stability depends on the return of oil above $ 35, which has become a psychological barrier for traders markets."[/ltr]
[ltr]Finish and Brent last week's gains of more than 6%, US crude jumped 11% greater pace of increase in seven years.[/ltr]
[ltr]Technical analyst and member of the International Federation of the analysts said, Abdullah mountain that "not to break the resistance level of oil increases volatility and confirm the speculative market behavior."[/ltr]
[ltr]The mountain is technically the "downward path for the region's markets is not over yet."[/ltr]
[ltr]He advised mountain dealers "not to change the investment positions currently retained until the end of the track makes sure the current rebound."[/ltr]
[ltr]Sultan said Ahbabi, financial analyst markets, "investors monitor oil levels and whether will be able to continue its upward trend, or will reflect and retreat again."[/ltr]
[ltr]Ahbabi He noted that it "supports the continuation of open procurement, which were taken from the bottoms levels have reached the market and wait for a better next technical targets."[/ltr]

    Current date/time is Sun 04 Dec 2016, 8:14 am