CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Brent slips below $78 for first time since January

18:17 7 December 2022

Brent and WTI crude both fell over 2.0% and deepened recent declines as a bigger-than-expected draw in US crude inventories failed to recover optimism to bulls. Sell-off intensified further even despite the fact that the EU proposed further economic measures against the Russian energy and mining sector, including a ban on new mining investments. OIL broke below the key support zone around $88.20 which is marked with 78.6% Fibonacci retracement  of the upward wave launched in December 2021. If current sentiment prevails, the downward move may accelerate towards the lower  limit of the descending channel or even support zone at $66.00.

OIL, D1 interval. Source: xStation5

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The price of NICKEL, of which Russia is one of the main producers, briefly jumped to 32,000, a level not seen since the end of April 2022. Source: xStation5

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