WTI oil: rise and shine?
The oil price looks optimistic. What are the reasons?
The rally for the yellow metal
The dovish Fed pushed the price for the yellow metal up. On the H4, after reaching the resistance at $1,387, bulls need to prove their strength by breaking this level. After the breakout, the further rise will be limited by the next resistance at $1,423. From the downside, there is a support at $1,353, after that the next support levels will be placed at $1,341 and $1,333.
Similar
GOLD: the era of $1 800
Congratulations! Gold has just opened a new era... or, rather, reopened...
GOLD: approaching $1,800!
The shining metal breaks above $1,760. How soon the 2012 heights may be beaten?
Latest news
ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
Deposit with your local payment systems
