Oil has opened trade for the week with a gap lower on China affirming zero COVID policy

This should come as no surprise as we've already had the China news priced into forex in the early hours of Asian here on Monday 07 November 2022.

The info out of China over the weekend:

• ICYMI - China denied an end to COVID zero on Saturday. The US dollar is higher on Monday
• Weekend China news - on Saturday health officials confirmed zero COVID still in place

Where FX began for the week:

• Monday morning open levels - indicative forex prices - 07 November 2022

Oil update now that Globex trade has opened for the week (ps. please note time changes given this:

• Heads up for US and Canada time zone changes over the weekend - daylight saving ends

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This chart is from our charting app, which is free and can be found at this link