Oil alert: wait for the inventories
Yesterday’s private survey showed larger-than-expected cut in oil output.
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
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.
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.
Latest news
Market updates on September 13
The retail sales for the US in focus today
"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Traders await the releases for the USD
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.
Deposit with your local payment systems
