Gold exceeded $2.000 per ounce
Gold exceeded $2.000 per ounce. Stock futures rose on Wednesday as investors awaited further updates on stimulus talks.
OIL: V-shape recovery
Information is not investment advice
If the stock market observers are discussing whether it will be an L or U-shape recovery, the oil market definitely looks like a V. $33 marks now the local resistance level, which hasn’t seen the WTI price since the beginning of March, when the epic plunge started. Very likely, the price will go into consolidation or step downwards from it, but the fundamental landscape favors bulls now. The oil glut is dissolving, the demand is catching up, economies are recovering and the petroleum states seem to have an agreed stance on the global supply strategy. Therefore, it is advisable to watch while the oil price plays around this resistance level and step in once there are signs of the next bullish breakthrough.
Gaspar Markosyan
Similar
New COVID-19 cases globally have been on the rise lately
New COVID-19 cases globally have been on the rise lately, although it is too early to call them second waves in most countries.
Stock futures drift lower as earnings expected
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
Popular
NFP Number Will Drive Markets
US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.
USD/JPY: which currency is safest?
The pair was falling down amid the waning US dollar. However, the situation changed this month.
Commodities Under Correction after Big Gains
Dollar continues to keep firmer on the day, all eyes on the US jobs report later.
Choose your payment system
