Oil market updates on October 9
Heads up to the release of weekly crude oil inventories at 17:30 MT!
Gold reaches new high
The price for the yellow metal has crossed the level at $1,341. The next resistance will lie at $1,355. If bears take over the market, they will try to pull the price for gold lower towards the support at $1,320. The next key level will be placed at $1,305. Technical indicators, such as RSI and Stochastic show that the market is overheated. If Stochastic indicator forms a crossover in the overbought zone, it may provide a selling opportunity.
Similar
Update for oil market
Crude oil inventories will be out at 17:30 MT time
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Latest news
Elections in Canada: what do they mean for the CAD?
Today, the election in Canada will determine whether the Liberal Party Prime Minister Justin Trudeau or the Conservative Party leader Andrew Scheer will lead the government…
Important events this week will bring us
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
Deposit with your local payment systems
