Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
Oil prices gap down on the negative economic concerns.
The global risk aversion drove the prices for WTI and Brent down.
The price for WTI has fallen below the weekly pivot at $56.23. The next key level lies at $53.47. If bulls take over the market, the price for WTI will rise above the $56.23 level to the next resistance at $60.08.
As for the price for Brent, it jumped below the $66.33 level. The first support for bears is placed at 63.47. On the flipside, if buyers are strong enough to break the $66.33 level, the next resistance will be placed at $69.86.
Oil dropped to the lows unseen since late May. Bitcoin has dropped below $30,000, while gold has reversed up from a dip under $1,800.
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…