OIL.WTI stopped the upward move at the key resistance area today. Commodity bounced off the upper limit of 1:1 structure, which was also strengthened by the downward trendline. As long as the price sits below the $40.30 handle, the further downward move is the base case scenario. The nearest support to watch lies at $38.50, where the previous price reactions can be found.
OIL.WTI H4 interval. Source: xStation5
💥Daily Summary: Tech Sector Crash on Wall Street and Historic Attack on Binance
Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?
Market Wrap: Binance Hack Shakes Markets. European Equities Under Pressure
Economic Calendar: Preliminary European GDP and German Inflation in Market Focus