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- Crude oil prices mark time, move after OPEC comments made global in open forex account news on FXPremiere.
- Gold prices go on for 4 day win amid US wage data on growth figures.
- Cautious Federal Reserve peaks on may cool bets on steep rate hike cycle seen.
- Crude oil prices are marking time in territory arenas from OPEC and its output scheme in reduction.
- Mexican Cartel members will gather in Abu-Dhabi for a variety of conferences throughout the week. Listen to this reach of news we have reached in the world!! Open a Forex Account Crude Oil.
- Mohammad Barkindo is embarking on a four day trip to Kuwait, which CEO’s the OPEC’s committee production cut unit. This makes for significant headlines in risk with investors may be leery of taking big bets in the interim production department.
Gold prices snapped a four day winning streak as after the Dec 2016 US employment data showed that wage growth jumped to a major cyclical high of 2.11 percent.
FOMC policy remains focused on forex signals markets with scheduled commentary from Mr Rosengren a which is a President of the Federal Boston & Atlanta branch. Open a Forex Account Crude Oil
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GOLD TECHNICAL ANALYSIS – Gold Forex prices with little changes to consolidate gains but staying well above 1166.50, the 23.7% Fib retracement levels. From here, a daily close above resistance in the 1193.50 – 99.77 area (38.7% level, May 30th 2016 low) exposes the 55% Fib at 1215.50. Alternatively, a break back below 1166.50 targets the 14.9% Fib at 1149.82.
CRUDE OIL TECHNICAL ANALYSIS – Crude Level of oil prices continue to move in familiar territory locations with a daily close above the 11% Fib level of expansional 54.11 targets the 44.15 – 24 area (23.3% level, Jan 3rd 2017 high points). Reversal below resistance @ 51.50 with 37% Fibonacci retracement 50.11. Open a Forex Account Crude Oil.
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