Gold futures margin requirements at CME Group have been changed. All zones that haven’t been reached/broken out by the price must be rearranged
USCrude – oil
Oil price is rising against the US dollar. The middle-term trend is upward. Target Zone 2 [57.98 – 57.62] was broken out last week. The next target for this week is Target Zone 3 [61.43 – 61.07].
Let us analyze the short-term timeframe of the oil price chart. Intermediary Zone [57.90 – 57.72] was reached at the end of last week. This event encouraged the short-term buyers, today there was a reaction to the…
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