Buy on a level breakthrough of 1213 with 1232 target. Stop loss = 1200.
Reason for the trading strategy
Over the last week, the number of initial jobless claims in the US rose form 264 thousand to 274 thousand. The growth of this indicator reduces the chances of the US unemployment rate decline from 5.4% to 5.3% in May, and puts pressure on the world's reserve currency. Today, attention should be paid to J. Yellen's economic forecast and the publication of the US consumer price index.
February 27, 2017 Black gold slightly declined amid the crude inventories report
The tone was negative in the oil market on Friday. The price reversed some losses in the night. Buyers returned the benchmark to 56.66 dollars per barrel where Brent caught fresh offers and moved lower...
February 27, 2017 Markets turn focus towards Trump address to Congress
On the evening of Tuesday, February 28th, US President Trump is slated to give a major address to a joint session of Congress in lieu of the usual State of the Union address...
February 24, 2017 Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...
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