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- WSE: Mid session comment
WSE: Mid session comment
After the market growth in the first hour of trading, which took place on the back of a small turnover, the WIG20 index returned to the earlier levels. Yesterday's breach of support at the level of 1,900 points and today's floating at above 1,900 points conveys a picture of the market suspended at a neutral level and waiting for a new impetus to define further direction.
Compared to DAX that grew by about 0.9 percent, Warsaw looks a bit weaker.
Yesterday's drop in oil prices below $ 37 / bbl was the element that pulled the stock markets down. Today's output rate of contracts for oil suggests that we may soon be witnessing of the re-test of the level of $ 40 / bbl. This in turn makes it possible to maintain the upward correction in the markets today.
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