Oil prices slid more than $1 today ahead of expected builds in U.S. crude inventories. Brent crude futures fell 1.4%, and WTI crude futures slumped 1.3%.
Key tickers:
Brent: 106.18 — sell.
WTI: 99.34 — neutral.
NG: 7.254 — neutral.
The U.S. dollar edged lower …
Gold could not break the resistance 1717.00, as it tested it yesterday and failed to breach it, after which it rebounded lower and returned to resume the descending path and approached the target 1700.00 again, especially as the price moved below the moving average level.
The bearish bias will be …
The pound against the dollar achieved its target yesterday and reached the resistance level of 1.2000, after which it rebounded slightly to the downside and approached the EMA50. The bearish scenario is expected to continue if the price breaches the average level, and the targets will be 1.1900 and then …
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