Oil prices were steady today as demand concerns offset data about a larger-than-expected drawdown in U.S. crude stockpiles. Brent crude futures were 0.1% up, and WTI crude futures were 0.5% up.
Key tickers:
Brent: 100.14 — buy.
WTI: 95.78 — neutral.
NG: 8.772 — neutral.
Gold was able to breach the support level 1720.00, affected by the negative signal that comes from the stochastic indicator therefore, it provided an initial signal to return to the bearish path, but it did not give any confirmation after the fact that the EMA50 is still forming the support …
The pound against the dollar settled by moving above the 1.2020 level, thus confirming the bullish path and trying to test the 1.2050 resistance level again in an attempt to reach the next target at the value 1.2100. This is supported by the positive support of the moving averages and …
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