Trading news

Expert's opinion from FXFinPro

The price of oil may resume the fall


The price of contracts on American benchmark of oil XTI/USD yesterday showed strong growth after some consolidation around the level of 36.00. Increase was caused by statistics on oil inventories in the United States, which fell last week by 5.9 million barrels, against an expected increase of 1.4 million barrels per day. Further support for prices was the weakening of the US dollar. As a result, investors decided to fix short positions before the long weekend. According to our forecasts, the decline will continue in the near future, and after overcoming 36.00, the price can reach the levels of 35.00 and 32.00.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Thursday, 24 Dec, 2015 / 12:39

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Intraday Market Analysis – Recovery Momentum

EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]

Posted on Tuesday, 20 Apr, 2021 / 1:00 under

What To Expect Out Of Bank Of Canada Interest Rate Decision

There is an increasing consensus that we will get some action out of the BOC [...]

Posted on Tuesday, 20 Apr, 2021 / 12:54 under

COCA-COLA REPORTS SPARKLING Q1 RESULTS

Coca-Cola reported quarterly sales growth for the first time after four [...]

Posted on Tuesday, 20 Apr, 2021 / 10:04 under