USOIL Rises As Markets Monitor Russia, Iran News
The Russia-Ukraine war remains in the spotlight, while investors are also on the lookout for any news around Iran nuclear negotiations
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The Russia-Ukraine war remains in the spotlight, while investors are also on the lookout for any news around Iran nuclear negotiations
Gold, being a haven and considered a store of value, maintains a bid as geopolitical tensions escalate following further sanctions on Russia.
Oil prices rally after the Russian President announced, a few hours ago, military operations in Ukraine
Oil Technicals Oil prices have appreciated as the tensions between Russia and Ukraine have intensified. The chart on the left below shows the USOil weekly heikin ashi chart. These candles are trend-following indicators and are trading in USOil's strength zone, between the upper blue and red bands. I.e., the two trend-following systems are reinforcing one another. The weekly RSI is within regular readings, implying that there is still potential scope…
Oil Technicals Oil prices have appreciated as the tensions between Russia and Ukraine have intensified. The chart on the left below shows the USOil weekly heikin ashi chart. These candles are trend-following indicators and are trading in USOil's strength zone, between the upper blue and red bands. I.e., the two trend-following systems are reinforcing one another. The weekly RSI is within regular readings, implying that there is still potential scope…
The precious metal is slides during the European session, but had managed to set new highs earlier, as markets process the latest developments around Ukraine
Oil prices rise today as fresh Ukraine fears emerge, despite hopes for a successful outcome of the Iran nuclear talks
The safe-haven staple slumped on Tuesday, due to hopes of de-escalation in Ukraine, but today it steadies as some of the initial optimism wanes
Heightened fears of Russian invasion in Ukraine had sent the commodity fresh 7+ year highs on Monday, but today it drops, as latest news have created some optimism around the situation
The precious metal is in its second positive week, extending gains into the fourth straight day, but continues to lack firm direction
USOil is on the defensive following last week’s fresh multiyear highs, with markets turning their focus to the negotiations of western countries with Iran, around its nuclear program
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