Oil Remains in the Range: What’s Next?
Good day,
Oil is gradually targeting the level of 46. So far, this level is going to provide some resistance therefore oil might abruptly drop.
The S&P500 stock index is testing the historical maximums around the level of 3587.18. Of course, it might hit new maximums, but the asset will probably drop.
The currency pair EUR/USD is targeting the psychological level of 1.2000. This level might provide excellent resistance to this asset’s price. The Euro might drop away from this level.
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.