Commodities market
Oil prices rose today yet stayed below the $100 mark as both tight supply and recession risks influence the market. Brent crude climbed 0.7%, and WTI crude 0.6% up.
Key tickers:
Brent: 98.81 — strong sell.
WTI: 95.36 — strong sell.
NG: 6.672 — strong buy.
Foreign exchange …
Gold continues its lower movement after breaching the 1730.00 level and is heading steadily towards the next target for the price movement at the level of 1700.00, and the bearish movement is likely to extend to the main support 1680.00.
Technical indicators support the bearish scenario, as the moving averages …
The pound against the dollar rebounded upwards and approached the resistance 1.1930 at the 20 moving average, also below the 50 average and the upper line of the descending channel shown in the chart.
In general, we will continue to suggest the bearish path as long as the price continues …
Don't have your language?
