Oil has completed the last week in the area of 51 dollar per barrel

23 August, 2016

Oil has completed the last week in the area of 51 dollar per barrel

Oil has completed the last week in the area of 51 dollar per barrel.

Current situation

After a week of growth, the expected correction began to implement. Talks about a possible increase of the Fed rate, and the US dollar gains - will put pressure on the oil market.

Trading recommendations

We're careful with predictions about the depth and strength of correction. Nevertheless, the nearest support is in the area of $ 49 per barrel.


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Pound reached its monthly high

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Brent maintained its ask tone

Sellers continued driving the benchmark lower after a brief pause at 50.80 dollars per barrel...


Gold prices remained in green

The bullish market structure remained in place on Thursday...

Gold prices traded in green

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Brent found a solid support after two day decline

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Gold prices slightly fell

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Oil prices recovered back

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Gold reached three-month highs

Spot gold remained on strong bullish footing on Friday. After an Asian flat the price got an upward impetus in the European morning...

  


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