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Analytics, News, and Forecasts for CFD Markets: raw news — 24-07-2012.
Crude oil futures rose for the first time in three days, which was caused by the situation in Syria, the growth of tension in the Middle East and the data on the production index in China.
Futures rose 0.9% after Israel warned that a military strike by other countries against Syrian chemical weapons can tighten Israel into a regional war. Recall that the price of oil rose to a record $ 41.15 a barrel in October 1990 after Iraq's invasion of Kuwait, which led to a reduction in exports from both countries. Futures and then decreased by one third after the U.S. military forces began air attacks on Iraq.
Preliminary data on the production index of China showed that the index rose to its highest value since February this year, but still shows signs of contraction. Yesterday the price of oil has fallen by 4% amid concerns about the debt crisis in Europe.
According to the survey, it is expected that U.S. crude stocks will fall, which will be the fifth consecutive decline and the largest this year. These forecasts are based on the fact that refineries have reduced purchases until the autumn.
According to the median estimate, the reserves will be reduced by 750,000 barrels to 376.6 million level in seven days to 20.
The price of oil fell slightly today after ratings agency Moody 's lowered forecasts for credit ratings in Germany, the Netherlands and Luxembourg, referring to the growth of uncertainty in Europe.
The cost of the September futures on U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now at $ 88.5 per barrel.
September futures price for North Sea Brent crude oil mixture increased to $ 103.26 a barrel on the ICE Futures Europe Exchange.
Resistance of 3:1624 (high of June)
Resistance of 2:1612 (resistance line from Jun 6)
Resistance of 1:1600 (area of Jul 10 and 17 highs)
Current Price: 1577.50
Support 2:1564 (support line from May 16, Jul 23 low)
Support 2: 1548 (low of June)
Support 3: 1527 (low of May)
Gold prices rose after the dollar retreated from highs against the euro. Investors' confidence in the metal began to grow after the unprecedented sales in recent days.
The weakness of the single currency put pressure on gold early in the day. Left German economic data, which were below expectations and changes in rating agency Moody's raised concerns about prospects for Europe's largest economy.
The euro / dollar exchange rate has taken a leading role in determining the direction of movement of gold, as the momentum of political statements just simply dried up.
Investors this month do not see signs that the Fed is ready to implement new measures of monetary policy, which could ignite interest in the precious metal as a hedge against inflation. Meanwhile, many traders do not rush to aggressively sell amid continuing concerns about the global economy.
Some investors buy gold and other precious metals that would protect themselves from the economic crisis in general, and especially as a protection against currency fluctuations.
Worries about the banking crisis in Europe in general, significantly affected the price of gold in recent months. Investors looking for safe assets, which was the dollar, which eventually led to an increase in its value against other currencies.
The cost of the August gold futures on the COMEX today has grown and now stands at 1577.7 dollars per ounce.
Resistance 3:90,10 (61,8% FIBO 92,00-87,10)
Resistance 2:89,50 (high of U.S. session on Jul 23, 50,0% FIBO 92,00-87,10)
Resistance 1:88,80 (session high)
Current Price: 88.29
Support 1:87,10 (session lows and Jul 17 low)
Support 2:86,70 (61.8% FIBO 83.50-92.00)
Podderzhka32: 85.80 (MA (50) for D1)
Комментарии: фьючерс консолидируется после вчерашнего снижения. Ключевая поддержка расположена в области 85,80.
Change % Change Last
Gold 1,582 +11 +0.68%
Oil 92.30 +2.43 +2.70%
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