Oil prices rose today as supply shortages were strong enough to cancel out fears of slackening fuel demand. Brent crude rose 0.6%, and WTI crude rose 0.8%.
Key tickers:
Brent: 94.75 — neutral.
WTI: 89.20 — buy.
NG: 8.096 — strong sell.
The U.S. dollar …
Gold was able to breach the previous top and approached 1800.00 levels to complete the bullish path that aims to breach 1800.00 levels and reach 1830.00 in the medium and long term.
The negative signal from the stochastic indicator might make us witness some bearish correction until the support levels …
The pound against the dollar continues to move sideways below the resistance 1.2175, as it did not form any change from yesterday's movement.
The pound sterling against the dollar settled below the 1.2175 level around the moving average 50, pressing the price to rise again and breach the 1.2175 level. …
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