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Need 4 Speed - Pre Market ASX Report - 19/09/22

ASX Market Board

G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst! 
 

For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets NextGen platform and follow us on Twitter: 

Azeem Sheriff - @Azeem__Sheriff 
CMC Markets - @CMCMarketsAUSNZ

Trading Idea of the Day

NYSE:COP - ConocoPhillips - BULLISH BIAS

  • Key levels on the chart - consider taking trades from key support/resistance levels
  • ConocoPhillips acquired an additional 10% interest in Australian Pacific LNG from Origin Energy (ASX:ORG) for US$1.65B. This brings ConocoPhillips’ interest to 47.5%, from which they’re expecting to receive US$1.8B in dividend distributions for 2022.
  • Given the macroeconomic backdrop on LNG with the Russia/Ukraine war and surging natural gas prices, this is definitely a stock to watch over!

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ASX & Economic Key Events

ASX Key Events Calendar (TODAY)
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Economic Key Events (TODAY)
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Economic Key Events (YESTERDAY)
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APAC Daily Report

Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC

Market Snapshot & Highlights as of 7am AEST

EXPECTATIONS: Energy HIGHER (higher crude) & Materials MIXED.

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Global Markets Headlines

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)


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