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US oil may retest support at $69.13

U.S. oil NYMEX:CL1! may retest support at $69.13 per barrel; a break could trigger a fall to $66.35.The contract has briefly pierced below this support, suggesting an extension of the wave (5). It is generally challenging to predict the exact endpoint of this wave.However, the wave (5) seems to be…

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Futures
NEWS reuters

China central bank debuts overnight reverse repos, injects 300 billion yuan

China's central bank on Monday debuted overnight reverse repo operations, offering 300 billion yuan ($44.13 billion) to financial institutions, according to an online statement.The People's Bank of China (PBOC) did not announce the borrowing cost for the overnight reverse repos.The PBOC also said i…

Reuters en
BondsEconomy