by Chris Becker
Hesitation is the name of the game on risk markets overnight, with stocks hesistant to believe that all is well just before the Brexit referendum, even though Pound Sterling and Euro broke out to new highs against the USD. Weekly DOE oil inventories were less than expected which sent WTI down and Brent below $50USD per barrel again.
Recapping Asia’s session where the Shanghai Composite tried to breakout and succeeded post lunch session, closing up nearly 1% to just over 2900 points. It remains below local resistance at the previous week’s daily highs as it keeps slipping along:
