🧨Putin to recognize Donbas shortly❗

Gold and oil jumped, while European stock took a hit during Putin's speech

President Vladimir Putin is currently giving a speech on Russian television regarding Ukraine rebel regions and is expected to sign a decree recognizing the independence of the Donetsk and Luhansk People's Republics in the immediate future. Recent news caused some volatility on the markets. Commodites  moved higher, while risky assets like stock and crypto extended early losses.

Here are they key statements:

• Modern Ukraine was created by Communist Russia
• Administrative areas were given huge territory on Communist era
• Soviet Ukraine was created by Lenin
• We're ready to demonstrate what true de-communisation looks like.
• Russia has always had an open relationship with Ukraine.
•  Ukraine's leaders wanted everything Russia had to offer without any strings attached.
• Ukraine's authorities have been infected with a virus of nationalism and corruption.
• Ukraine plans to create its own nuclear weapons.
• The US drones in Ukraine are constantly spying on Russia.

OIL.WTI  erased early losses and resumed upward trend. Price is currently testing local resistance at $92.80, which coincides with upper limit of the 1:1 structure. Source: xStation5

DE30 fell nearly 3.0% during today’s session. Index broke below lower limit of the 1:1 structure  and is heading towards major support at 14408 pts. Source: xStation5

Gold managed to return above psychological $1900 level. Next resistance is located at $1917.30 where highs from June 2021 can be fund. Source: xStation5

Bitcoin again broke below key support at $38000. Next target for bears is located around $36000 level. Source: xStation5