Rising global oil prices balance the stock market / forecast increase in selling pressure

According to Tejarat News, the stock market in the middle is in a balanced position with a growth of more than 2,000 units in the overall index. In the last two weeks, the stock market has been declining and this trend has intensified yesterday. Experts believe that the positive reforms are due to rising global oil prices and will face selling pressure on Saturday.

“Today’s market is no different from last week and this week,” said Payam Elias Kurdi, a stock market expert. The value of trades is still low and the trend is negative. The average value of transactions is 2200 billion tomans and it will not make any difference today.

He added: “The difference between today’s market is the increase in oil prices in the world and the growth of refining symbols.” Many refineries are experiencing better conditions today, and refineries are expected to improve next week due to rising global oil prices.

The stock market expert continued: “The market as a whole is not in good condition and there will probably be more offers in refining symbols.” The overall index is still in the downtrend channel. Sometimes after the negatives, there are upward corrections, which are upward corrections.

Eliaskordi pointed out: with successive falls, the entire channel index lost 1.3 million units and must fight again to regain it. Family today had a very negative impact on the overall index, but refinements kept the index positive.

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