Key Levels and US Market Review for the Asian session open 17/03

NYMEX:CL1!   Light Crude Oil Futures
A review of the price action from the European session and the US session.

Share markets rally as the ECB raises rates by 50 basis points which points to rate rises to come from the US Fed Reserve. The Banking turmoil continues with major US banks dumping $30 billion into First Republic Bank while Credit Suisse was saved, for now, by borrowing $54 Billion from Swiss National Bank. This was all taken as good news from share market investors who happily added risk and provided support with Tech shares leading the charge. Bond Yields and the USD may be telling a different story as inflation and rate rises remain the focus.

I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.

Markets covered :-
Hang Seng
USD Index

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