Analytics, News, and Forecasts for CFD Markets: raw news — 25-07-2012.

During the day, crude oil futures showed a small increase, approaching with up to $ 89 per barrel in anticipation of the change of information on oil reserves according to the Ministry of Energy, which indicate the level of immediate demand for fuel.

Rise in oil prices also helped the positive sentiment in global markets, which led to an increase in stock indices around the world.

Despite the optimism, the price of oil fell from a high of $ 106 per barrel, nearly three months against the backdrop of slowing global economy, as well as due to the fact that Europe was mired in debt crisis, the growth in China has decreased, and the recovery in the U.S. slowed.

It is also a significant effect on the price of oil has a conflict in Syria, as well as the outstanding differences between the Western powers and Iran over Tehran's nuclear program. supported by the oil. On this, the current tensions in the Middle East should not produce any sharp drop in prices.

But despite the rise throughout the day, quotes, oil futures on NYMEX fell 1% against the data on reserves, and reached a session low near $ 87.50. According to information from the Ministry of Energy, crude oil stocks rose 2.7 million barrels.

The cost of the September futures on U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now at $ 87.35 per barrel.

September futures price for North Sea Brent crude oil mixture dropped to $ 102.85 a barrel on the ICE Futures Europe Exchange.

Gold rose on Wednesday as the dollar dipped to session lows against the euro and stock markets extended gains, after Spain and France said the common strategy for euro area stability included the adoption of a supervisory mechanism for banks.

The euro quickly recovered ground it lost earlier against the dollar, allowing gold to move back above $1,600 an ounce for the first time since July 10, while stocks rose in Europe and opened higher on Wall Street.

Also on the rise in the price impact of the ECB comments Ewald Nowotny, who said that he saw no grounds for granting the European Fund for Saving the banking license, which would get cheap funding from the ECB, after which the ECB said that the EFS can eventually get a banking license .

Gold has been particularly sensitive to moves in the wider financial markets in the absence of direction from physical demand, which has been weak in recent months. It tends to benefit from dollar weakness and sharper appetite for risk.

Gold has held in a $75 range so far in July, its narrowest monthly spread since April. Weak seasonal buying in some Asian markets, waning inflows into gold-backed exchange-traded funds and caution among investors have limited price gains.

Physical gold traders in number one consumer India stayed on the sidelines after prices extended gains for a third straight day to hit their highest level in more than two weeks.

The cost of the August gold futures on the COMEX today has grown to a value of $1606.4, and then slightly decreased and now stands at 1600.2 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, Jul 24 high)

Current Price: 87.34

Support 1:87,10 (session lows, Jul 17 and 24 lows)

Support 2:86,70 (61.8% FIBO 83.50-92.00)

Support 3:85,80 (MA (50) for D1)

Change % Change Last

Gold 1,582 +11 +0.68%

Oil 92.30 +2.43 +2.70%