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.
Prices for oil rise
The price for WTI has risen to its highest levels since the beginning of May. Bulls are trying to keep it above the weekly pivot resistance at $63.07. The next resistance lies at $64.44. If bears take over the market, the will pull the price for crude to the support at $61.54.
Brent, in its turn, has been targeting the resistance at $73.4. The next resistance is placed at $74. If bearish pressure increases, the first support will be placed at $70.9.
Similar
The rally for the yellow metal
The dovish Fed pushed the price for the yellow metal up.
Gold reaches new high
The price for the yellow metal has crossed the level at $1,341.
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