G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst!
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Trading Idea of the Day
ASX:STO - Santos Ltd (BULLISH - Short Term & BULLISH - Long Term)
- Key levels on the chart - consider taking trades from key support/resistance zones.
- Oil expected to go higher on supply constraints
- Buffett going bullish on oil, increasing stake in Exxon.
- USD weakness supporting oil.
ASX & Economic Key Events
OPTO For Investors Research
Article of the Day: Traders invest $403m in Tesla shares this week
Podcast of the Day: Michael Loukas of TrueMark on why diversification isn’t always key
APAC Daily Report
Market Snapshot & Highlights as of 8:00am AEDT
Global Markets Headlines
- Shanghai hit by Covid protests as anger spreads across China (CNBC)
- U.S. Black Friday online sales top $9 billion in new record (CNBC)
- Binance, other crypto firms line up bids for bankrupt Voyager Digital after FTX collapse (CNBC)
- EU delays talks on Russian oil price cap until next week, diplomats say (CNBC)
The new iPhone 14 and iOS upgrade include some big cybersecurity changes (CNBC)
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)
Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.