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

 

GBPUSD On Track To Settle Above 1.3700

The British pound sterling continues to keep a bullish hold. After failing to [...]

Posted on Friday, 22 Jan, 2021 / 12:08 under

Crude Holds Near Highs

The crude market saw a much quieter period of trading this week. Price [...]

Posted on Friday, 22 Jan, 2021 / 12:07 under

Biden To Push Through Stimulus Aid

Greenback Fades as Bears Take Control The US index dropped towards the 90 [...]

Posted on Friday, 22 Jan, 2021 / 12:06 under