InvestMacro

Article By RoboForex.com

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 115.14; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 114.95 and then resume moving upwards to reach 115.55. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 114.35. In this case, the pair may continue falling towards 113.20.

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1798.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may the cloud’s upside border at 1790.00 and then resume moving upwards to reach 1820.00. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1775.00. In this case, the pair may continue falling towards 1745.00.

EURAUD, “Euro vs Australian Dollar”

EURAUD is trading at 1.5614; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.5685 and then resume moving downwards to reach 1.5375. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.5805. In this case, the pair may continue growing towards 1.5900.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.1308
• Prev Close: 1.1343
• % chg. over the last day: +0.31%

Investors have now returned to riskier assets amid declining concerns over the Omicron strain, which has led to a small sell-off in the dollar index and a rise in the European currency (inverse correlation). The decrease in the growth rate of the money supply in the Eurozone is also a positive factor for the strengthening of the Euro.

Trading recommendations

• Support levels: 1.1293, 1.1230, 1.1168
• Resistance levels: 1.1342, 1.1360, 1.1436, 1.1535, 1.1613, 1.1667, 1.1717

From a technical point of view, the EUR/USD on the hour timeframe is still bearish. Yesterday, the buyers tried to break out through the priority change level, but the sellers protected their positions. The price is back in the corridor again, but the buyers’ pressure remains high. The MACD indicator is positive. It is better to consider sell deals from the 1.1342 resistance level. Buy trades can be considered on the lower timeframes from the support level of 1.1293, but only with additional confirmation.

Alternative scenario: if the price breaks out through the 1.1360 resistance level and fixes above, the mid-term uptrend will likely resume.

News feed for 2021.12.30:

• – US Initial Jobless Claims (w/w) at 15:30 (GMT+2);
• – US Chicago PMI (m/m) at 16:45 (GMT+2).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.3429
• Prev Close: 1.3486
• % chg. over the last day: +0.42%

Great Britain reports a record 183,037 cases of COVID in a 24-hour period. But despite the increase in cases, hospitalizations are not increasing as rapidly; the health care system is coping. The UK has no plans to impose additional restrictions ahead of the holidays, and the Central Bank of England policy is now aimed at strengthening the pound sterling.

Trading recommendations

• Support levels: 1.3443, 1.3362, 1.3301, 1.3277, 1.3220
• Resistance levels: 1.3507, 1.3575, 1.3685

On the hourly timeframe, the GBP/USD trend is still bullish. But the MACD indicator is showing divergence on several timeframes; a technical correction may occur soon. Under such market conditions, traders should consider buy positions from the 1.3443 support level but only with additional confirmation in the form of a buyers’ initiative. Sell trades can be considered from the resistance level of 1.3507, but it is also better to wait for the sellers’ initiative.

Alternative scenario: if the price breaks down through the 1.3362 support level and consolidates below, the bearish scenario will likely resume.

There is no news feed for today.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 114.74
• Prev Close: 114.96
• % chg. over the last day: +0.19%

In terms of monetary policy analysis, Japan’s central bank is now actively stimulating the economy, while the US Federal Reserve is reducing its stimulus program. This central bank policy will contribute to a decline in the yen and a strengthening of the dollar index. Yesterday, USD/JPY reached a one-month high and was close to a four-and-a-half-year high.

Trading recommendations

• Support levels: 114.50, 114.16, 113.76, 113.32, 112.62, 112.30
• Resistance levels: 115.15, 115.50

The global trend on the USD/JPY currency pair is bullish. The MACD indicator is signaling a divergence at several timeframes, which means that a slight correction should be expected. Buy positions should be considered from the 114.50 support level, but with additional confirmation in the form of a buyers’ initiative. For sell positions, it is necessary to analyze the price reaction to the resistance level of 115.15. If there is a sellers’ initiative here, it is possible to look for sales on lower timeframes but with short targets.

Alternative scenario: if the price fixes below 114.16, the uptrend will likely be broken.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2815
• Prev Close: 1.2788
• % chg. over the last day: -0.21%

The Canadian dollar is a commodity currency, so it correlates strongly with oil prices and the dollar index. Crude oil inventories showed another sharp decline yesterday. In the medium term, oil prices will rise slightly, while the dollar index will also strengthen. As a result, both the Canadian dollar and the dollar index will have fundamental support, so the USD/CAD currency pair should not expect medium-term trends and trade only on the lower timeframes.

Trading recommendations

• Support levels: 1.2783, 1.2721, 1.2677, 1.2638
• Resistance levels: 1.2903, 1.2951

From a technical point of view, the USD/CAD currency pair trend is bullish. Buyers again were able to defend the priority change level, the price failed to consolidate below, forming a false breakdown zone. The MACD indicator is signaling a buy divergence. Under such market conditions, it is better to look for buy deals on the lower timeframes with the target of 1.2903. Sell deals should be considered from the resistance level of 1.2903 or after breakdown and fixation below the priority change level.

Alternative scenario: if the price breaks down through the 1.2783 support level and fixes below, the downtrend will likely resume.

There is no news feed for today.

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

by JustForex

Yesterday, major US stock indices were traded without a single trend. The S&P 500 (US500) gained 0.1%, the Dow Jones Industrial Average (US30) added 0.3%, and the Nasdaq Technology Index (US100) remained flat. Meanwhile, the S&P 500 (US500) and Dow Jones (US30) indices closed at record highs on Wednesday.

Biogen shares jumped more than 9% in a day after the Korea Economic Daily reported that the company was in talks about a possible sale to electronics giant Samsung.

Medallion Financial Corp. shares plunged 50% to a 13-month low. The Securities and Exchange Commission (SEC) charged the company and its chief operating officer Andrew Murstein with engaging in fraudulent schemes to boost Medallion’s stock price.

The general director of the World Health Organization, Tedros Adhanom Gebreyesus, urged nations to vaccinate 70% of the global population against COVID-19 by July 1, 2022.

European stock indexes were mostly down yesterday. Germany’s DAX (DE30) decreased by 0.7%, Spain’s IBEX 35 (ES35) decreased by 0.2%, France’s CAC 40 (FR40) lost 0.3%, while the British FTSE 100 (UK100) increased by 0.66%. The growth in many European countries negatively affects traders’ moods. Also, many investors are fixing their positions on the eve of the New Year. The necessary wearing of masks on the streets will be introduced in Paris. Wearing masks on the streets of Paris will become compulsory from December 31 because of a sharp increase in the number of infections of the coronavirus, the prefecture of the capital’s police said on Wednesday.

A study by Die Zeit newspaper shows that Germany is likely to fall short of its carbon dioxide reduction goals in the next two years.

Shares of Germany’s Deutsche Bank fell by 1.4% yesterday. On Wednesday, it became known that the German Federal Financial Supervision Authority (BaFin) fined the bank €8.66 million for insufficient control of the system of providing data to calculate the interbank interest rate EURIBOR (Euro Interbank Offered Rate).

Yesterday, Asian stock markets closed in the red zone, except for Australia. Japanese index Nikkei 225 (JP225) decreased by 0.56%, Hong Kong’s Hang Seng Index (HK50) added 0.83%, and Australia’s ASX 200 (AU200) added +1.21%.

The US oil inventories dropped nearly 3.6 million barrels. In the background of such data, given the reduction of concerns about the impact of Omicron on demand for petroleum products, the energy market continues to rise. The US oil and gas executives are forecasting increased production and drilling activity next year as oil prices rise.

Main market quotes:

S&P 500 (F) (US500) 4,793.06 +6.71 (+0.14%)

Dow Jones (US30) 36,488.63 +90.42 (+0.25%)

DAX (DE40) 15,852.25 −111.45 (−0.70%)

FTSE 100 (UK100) 7,420.69 +48.59 (+0.66%)

USD Index 95.91 −0.29 (−0.31%)

• – US Initial Jobless Claims (w/w) at 15:30 (GMT+2);
• – US Chicago PMI (m/m) at 16:45 (GMT+2);
• – US Natural Gas Storage (w/w) at 17:30 (GMT+2).

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

By Orbex

GBPUSD consolidates gains

Growing risk appetite weighs on a safer US dollar. The rally above 1.3360 confirms that short-term sentiment has turned around.

However, the push might have run out of steam as the RSI shows a bearish divergence. The deceleration indicates limited buying interest after the price went parabolic.

1.3400 is an immediate support. Its breach could trigger a correction and force the latest buyers out. Then 1.3300 would be the next support. 1.3500 is a major resistance from the daily chart.

GER 40 breaks above daily resistance

The Dax 40 climbed higher as investors favor value stocks in telecoms, transportation, and utilities.

A break above December’s high at 15840 is a strong signal that the bulls may have had the last word. Trend followers would jump in, in anticipation of continuing above the psychological level of 16000.

The RSI’s overbought situation could prompt intraday buyers to take profit. The previous resistance 15700 (now turned support) is the first level to evaluate buying interest. 15500 is the second support in case of a deeper pullback.

USOIL seeks support

WTI crude rallied after the EIA report showed a larger-than-expected fall in US inventories.

The bulls are looking to hold onto their recent gains after they cleared the 30-day moving average and daily resistance at 73.20. 79.00 from November’s sharp sell-off is a major hurdle ahead. A bullish breakout could put the rally back on track.

The RSI’s overextension may cause a brief pullback. The 38.2% Fibonacci retracement level is an area of interest as it coincides with the previous low at 72.60.

Article by Orbex

Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com

By Orbex

Normally, the last two weeks of the year have unusual market dynamics. The vast majority of traders take the time off. This also coincides with governments not publishing economic data, and corporations not publishing reports. Generally, most major issues happen in the new year.

In turn, that creates a combination of trading opportunities for smaller traders who might have some free time around those days. This is particularly true for people who might not be full-time traders.

So, let’s have a look at how you can trade during the end of the year.

There is a big move coming

With everything on hold for about two weeks, or sometimes just a week depending on how the holidays line up, a lot of market-moving events get clustered around the start of the year.

Therefore, traders could use the opportunity to pre-position ahead of that. If you have any open trades throughout that period, it’s recommendable to double-check your stop losses and take profits. That’s because there will likely be a dramatic increase in volatility when the markets return.

On the 1st of January, there’s typically a lot of contracts rolling off, from employment contracts for CEOs to business agreements, to securities lockups. This means traders who are just coming back from the holidays will re-adjust their positions given the new situation.

In general, expert traders position themselves for safety during the extended holiday period. And when they come back, they take on risks in the market.

General trends to watch

That’s why just under 8 out of every 10 years, the stock markets of the world rise in the first couple of trading days in the new year. Logically, a technical correction follows that move, before the market takes on its trajectory for the month.

This might be good for stocks, and currently more risky plays like tech and consumer discretionary. As for currencies, the dollar, franc, and yen could potentially suffer as people pull their assets from safe havens to buy into the new trends of the year.

A new perspective

With traders having had some time off to reflect and balance their strategies, it’s common for professional traders to refine their trading outlook. Getting caught up in the market action could force them to take a particular stance, which they might modify after having some time to reflect. For this reason, traders are often wary of new analyses coming out in the first few days of the year.

Buy and sell recommendations from major investor information suppliers like banks and financial services companies might need some modification. And this could lead to a fundamental shift in the dynamics of some assets over the first few days of the year.

The bottom line is that expert traders generally stay out of the market because it’s a high-risk environment. So, if you are going to get into the markets, make sure you have proper money management and that the trades offer a commensurate amount of a reward.

Article by Orbex

Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has finished the descending wave at 1.1292 along with the ascending structure towards 1.1317. Possibly, the pair may fall to reach 1.1280 and then form one more ascending structure with the target at 1.1338.

GBPUSD, “Great Britain Pound vs US Dollar”

After completing the ascending wave at 1.3457 along with the descending impulse towards 1.3414, GBPUSD has finished the correction to reach 1.3440. Today, the pair may form a new descending structure with the first target at 1.3368 and then start another correction towards 1.3415.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still correcting towards 73.90. After that, the instrument may trade downwards to reach 72.82 and then start another correction towards 74.34. Later, the market may resume falling with the target at 71.71.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is correcting towards 114.59 and may later form one more ascending structure to reach 115.15. After that, the instrument may start another correction with the target at 114.14.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9180 without any specific direction. Today, the pair may expand the range down to 0.9145 and then resume growing towards 0.9220. After that, the instrument may break this level to the upside and form one more ascending structure with the target at 0.9260.

AUDUSD, “Australian Dollar vs US Dollar”

After finishing the ascending wave at 0.7262 and then descending impulse towards 0.7216, AUDUSD is correcting to reach 0.7242. Later, the market may resume trading downwards with the target at 0.7171.

BRENT

Brent has reached 79.51; right now, it is consolidating below this level. Possibly, today the asset may reach 80.00 and then start a new correction towards 74.55. After that, the instrument may resume growing with the target at 84.24.

XAUUSD, “Gold vs US Dollar”

Gold has reached 1820.00; right now, it is correcting towards 1808.60. After that, the instrument may start another growth with the target at 1828.00.

S&P 500

The S&P index has finished the ascending wave at 4800.0; right now, it is consolidating around this level. Today, the asset may correct towards 4743.6 and then form one more ascending wave with the target at 4845.5.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By Orbex

The current USDCHF structure indicates that at the end of November, the market completed the actionary wave y of the cycle degree. A cycle intervening wave x followed after the actionary wave.

Judging by the internal structure, the cycle intervening wave x can take the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The actionary wave Ⓦ and the intervening wave Ⓧ in the form of a triple zigzag could already be complete.

In the near future, the market could decline in the final wave Ⓨ. The initial part of the wave Ⓨ hints at a triple zigzag of the intermediate degree. So, we could observe a zigzag drop in the price in the sub-waves (Y)-(X)-(Z) to the level of 0.904. There, wave x will be at 76.4% of wave y.

After wave x ends, the bulls can update the previous high of 0.938, with wave z going up. This level is marked by intervening wave y.

An alternative scenario hints at a price increase. Specifically, the formation of the cycle intervening wave x is fully completed. And it has the form of a triple zigzag of the primary degree.

After the end of the reactionary intervening wave x, there was a price rise and the development of the cycle wave z. This could take the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ.

It seems that an intermediate triple zigzag formed within wave Ⓦ and the intervening wave Ⓧ. In turn, this took the form of a double zigzag (W)-(X)-(Y).

In the near future, the exchange rate may rise in the intermediate zigzag (A)-(B)-(C) to the level of 0.951. At that point, cycle waves z and y will be equal.

Article by Orbex

Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com

Article By RoboForex.com

XAGUSD, “Silver vs US Dollar”

XAGUSD is trading at 23.11; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may Tenkan-Sen and Kijun-Sen at 22.95 and then resume moving upwards to reach 23.900. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 22.05. In this case, the pair may continue falling towards 21.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7225; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.7165 and then resume moving upwards to reach 0.7325. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7135. In this case, the pair may continue falling towards 0.7045.

NZDCHF, “New Zealand Dollar vs Swiss Franc”

NZDCHF is trading at 0.6228; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6240 and then resume moving downwards to reach 0.61905. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6265. In this case, the pair may continue growing towards 0.6355.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By Orbex

EURUSD tests important resistance

The US dollar struggles as the Omicron scare subsides. The pair has been stuck in a narrow range between 1.1230 and 1.1360, because of a lack of liquidity and a catalyst.

Following a bounce from 1.1260 price action is testing the upper band of the horizontal consolidation. A bullish breakout would pop up volatility as sellers rush for the exit.

An extended rally would set 1.1450 as the next target. On the downside, a fall below 1.1260 may prolong the sideways action for a few more days.

NZDUSD consolidates recent gains

The New Zealand dollar softens over a limited year-end risk appetite. The latest surge above 0.6830 has put the bears on the defensive. Intraday traders took profit after the RSI showed overextension.

The current flag-shaped consolidation could be an opportunity for the bulls to regroup and catch their breath. The demand zone around 0.6760 is a major level to support the rebound.

On the upside, 0.6840 on the 30-day moving average is the closest resistance. And its breach may trigger a broader rally towards 0.6920.

XAUUSD seeks support

Gold edged higher as the US dollar slipped across the board. A close above the supply zone around 1815 is a short-term confirmation that sentiment favors the upside.

A bullish MA cross on the hourly chart indicates that the recovery could be picking up steam. Above 1820, 1840 would be the target when momentum makes its way back into the market.

In the meantime, buyers may see a retracement to 1803 as an opportunity to buy the dip after the RSI returned to the neutrality area. 1790 is a second level of support.

Article by Orbex

Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.1326
• Prev Close: 1.1308
• % chg. over the last day: -0.16%

The ECB reduced the pace of its asset purchases. This is a positive factor for the strengthening of the Euro. However, it should be noted that the FED is also cutting the QE program. Therefore, EUR/USD quotes are not likely to grow significantly, but in the short term, the Euro will be stable.

Trading recommendations

• Support levels: 1.1293, 1.1230, 1.1168
• Resistance levels: 1.1342, 1.1360, 1.1436, 1.1535, 1.1613, 1.1667, 1.1717

From a technical point of view, the EUR/USD on the hour time frame is still bearish. The price is traded in a corridor. The MACD indicator has become inactive; the volatility is below average due to the holidays. It is better to consider sell deals after a false breakout of the 1.1342 resistance level. Buy trades can be considered on the lower time frames from the support level of 1.1293, but only with additional confirmation.

Alternative scenario: if the price breaks out through the 1.1360 resistance level and fixes above, the mid-term uptrend will likely resume.

News feed for 2021.12.29:

• – US Pending Home Sales (m/m) at 17:00 (GMT+2).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.3437
• Prev Close: 1.3428
• % chg. over the last day: -0.07%

The British government has no plans to impose a nationwide lockdown despite the high sickness rate as the number of hospitalizations is 50% lower than under the Delta strain. Growth in “Brent” oil prices provides additional support to the British currency.

Trading recommendations

• Support levels: 1.3362, 1.3301, 1.3277, 1.3220
• Resistance levels: 1.3443, 1.3507, 1.3575, 1.3685

On the hourly time frame, the trend on GBP/USD is still bullish. But the MACD indicator is showing a divergence. Under such market conditions, traders should consider buy positions from the 1.3362 support level but only with additional confirmation in the form of a buyers’ initiative. Sell trades can be considered from the resistance level of 1.3443, where there was a false breakout.

Alternative scenario: if the price breaks down through the 1.3301 support level and consolidates below, the bearish scenario will likely resume.

There is no news feed for today.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 114.83
• Prev Close: 114.81
• % chg. over the last day: -0.02%

In terms of monetary policy analysis, Japan’s central bank is now actively stimulating the economy, while the US Federal Reserve is reducing its stimulus program. This means that in the mid-term the dollar index will go up in value, while the Japanese yen will go down. As a result, the USD/JPY currency pair will continue its uptrend.

Trading recommendations

• Support levels: 114.50, 114.16, 113.76, 113.32, 112.62, 112.30
• Resistance levels: 115.15, 115.50

The global trend on the USD/JPY currency pair is bullish. The MACD indicator is signaling a divergence at several timeframes, which means that a slight correction should be expected. Buy positions should be considered from the 114.50 support level, but with additional confirmation in the form of a buyers’ initiative. There is no optimal entry point for sell positions now.

Alternative scenario: if the price fixes below 114.16, the uptrend will likely be broken.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2784
• Prev Close: 1.2817
• % chg. over the last day: +0.25%

The Canadian dollar is a commodity currency, so it correlates strongly with oil prices and the dollar index. Yesterday, oil prices increased while the dollar index was stable. As a result, the USD/CAD currency pair has grown slightly.

Trading recommendations

• Support levels: 1.2783, 1.2721, 1.2677, 1.2638
• Resistance levels: 1.2903, 1.2951

From a technical point of view, the USD/CAD currency pair trend is bullish. Buyers were able to defend the priority change level, the price rebounded, and broke out the local descending trendline. The MACD indicator has become positive. Under such market conditions, it is better to look for buy deals on the lower time frames with the target of 1.2903. Sell deals should be considered from the resistance level of 1.2903 or after breakdown and fixation below the priority change level.

Alternative scenario: if the price breaks down through the 1.2783 support level and fixes below, the downtrend will likely resume.

News feed for 2021.12.29:

• – US Crude Oil Inventories (w/w) at 17:30 (GMT+2).

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.