
Russian-Ukrainian conflict is influencing every economic aspect…
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WTI is above the pivot point at $65.25, however, 100-day MA is weighing on it. If data is encouraging for the oil market, WTI will move to the resistance at $66.20. Otherwise, it will go down to $63.30.
Brent is moving up as well. The oil benchmark tested the resistance at $75.70. However, 50-day MA is putting pressure on it. If data is encouraging, Brent will be able to break the resistance, otherwise, it will return to the support at $74.35.
That is all for today. Follow markets’ news with us!
Russian-Ukrainian conflict is influencing every economic aspect…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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