$RH PetroGas (T13.SG)$$Rex Intl (5WH.SG)$$Dyna-Mac (NO4.SG)$...

Oil prices and equities edged 1.7% higher on Mon as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, even if full freedom could be months away. OPEC+ decided not to cut production further as the easing of COVID-19 curbs in China caused oil prices to rise.

More Chinese cities announced an easing of coronavirus curbs on Sun as Beijing tries to make its zero-COVID policy more targeted and less onerous after recent unprecedented protests against restrictions.

"While the easing of some restrictions does not equate to a wholesale shift away from the dynamic COVID zero strategy just yet, it is further evidence of a shifting approach and financial markets look to be firmly focussed on the longer term outlook over the near-term hit to activity as virus cases look set to continue," said Taylor Nugent, an economist at NAB.

RH and Rex look set to hit my targets of 0.205 and 0.26 respectively. Dyna-Mac broke out of 0.205 resistance and is heading for 0.215.