Oil prices dropped today, extending the previous decline, as an expected interest hike rise in the U.S would weaken fuel demand. Brent crude is 0.7% down, and WTI crude slid 0.8%.
Key tickers:
Brent: 97.10 — strong sell.
WTI: 93.41 — strong sell.
NG: 8.230 — neutral.
Gold prices rebounded from the main support level 1680.00, tested yesterday, and then rebounded strongly to the resistance level 1717.30, bypassing several resistance levels. Therefore, the way is open to reach the target at the value of 1725.00 if the price manages to break the resistance 1717.30.
The bullish bias …
The pound against the dollar continues to move sideways below the resistance level 1.1990 with a slight tendency to the downside, where the movement stabilized between the mentioned resistance and the moving average 50 from below.
The stochastic indicator gives a negative signal for the movement, so we may see …
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