Crude's prices fall on the inventories' release
The release of crude oil inventories earlier today showed a surprise increase in the number of barrels.
Gold is rising
The yellow metal could not stay for a long time near the $1,401 level. On H4, it is trying to stick above the 50-period SMA. The first resistance will lie at $1,415. After that, pay attention to the $1,424 level. If the bullish pressure is short-lived, gold will retest the $1,401 level. In the case of the breakout, pay attention to the $1,391 level.
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The price for gold has tested the levels above $1,500
The yellow metal reached the highest levels in 6 years amid the global risk aversion.
Will the oil prices rise?
The organization of the petroleum exporting countries (OPEC) and non-OPEC oil producers (Russia) will meet on July 1-2.
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