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

 

US employment data to dictate mood; OPEC can’t lift oil

  Spotlight falls on the US jobs report today; risks around dollar [...]

Posted on Friday, 06 Dec, 2019 / 10:10 under

Traders Eye Payrolls Report After Weak ADP

The markets continue to whipsaw ahead of today’s payrolls report. This [...]

Posted on Friday, 06 Dec, 2019 / 9:53 under

THE POUND ROSE TO ITS HIGHEST LEVEL IN ALMOST 7 MONTHS. WHAT'S NEXT?

On Wednesday, the GBP/USD crossed the 1.3000 level and set a new high in [...]

Posted on Friday, 06 Dec, 2019 / 9:35 under