The growth of the whole stock market / oil index became cheaper

The total index of the stock exchange crossed 1.2 million units in the middle of today's trading on Monday, June 17, reaching 1 million 204 thousand 789 units. Today's growth of the total index of the stock exchange was 19 thousand 367 units. Concerns about global economic growth and the continuing decline in demand were accompanied by lower prices today, on the first trading day of the week.

According to the site of Cafe Tala , after a breathtaking battle between supply and demand yesterday, today the market will start its work in a situation where neither important news has been published nor anything special has happened in the reopening of global markets. Most commodities fell as global markets began trading this week. Copper, zinc, aluminum, platinum and palladium are among the base metals that have fluctuated around half to one percent. Gold also traded slightly below $ 1,734 an ounce. Black gold has now entered the correction phase after a few weeks of uptrend. Brent crude fell 2 percent to $ 37.8 a barrel and WTI crude traded in the $ 35 range.

Important point of Sunday deals

With the end of yesterday's trading and considering the trend of the whole market, the closing price and the last trading price of some symbols, there was a significant gap. In the middle of yesterday, many symbols entered the negative range and even reached the sales queue, but at the end of the market and with the increase in demand, most of the symbols entered the positive range again. As a result, the last trading price of many stocks was higher than their closing price. Normally, if the last trade price of a stock is 3% higher than its closing price, we expect the stock to trade in the positive range or even reach the buy line in the next day's trading.

What is the total index in soda?

The general index of the stock exchange reached the peak of 1.2 million units in yesterday's trading, but with the increase of offers and the desire of some shareholders to save profits in this range, it lost this channel and finally reached the range of 1.185 million units. . Even today, the leader symbols in each group can play a decisive role in the market trend.

Oil became cheaper

Oil prices above $ 40 did not last as long as most experts predicted, so much so that the movement of black gold into the middle of the $ 30 channel shows that in the short term one can not expect prices to jump multi-dollar. .

On the other hand, the risk of oil storage tanks in the world also has a negative impact on prices and does not allow oil prices to rise.

Oil storage tanks around the world are full and producers are concerned about storing their surplus oil. Although negative oil prices again are far from expected, increasing stockpiles could cause oil prices to plummet.

Also, while hopes for a global recovery after Corona's initial control had risen, the incidence of the disease has raised the possibility of a new wave of the disease. An issue that could reduce demand again and disrupt the market order and lead to lower prices.

Brent crude fell 2.6 percent to $ 37.72 a barrel today. US index crude fell 35 percent to $ 34.98