- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 06-05-2020.
- No reasons for oil to fall to or below zero now
- We can see first signs of recovery in the oil market
- Nobody is interested in breaking OPEC+ deal now
- Full compliance may be difficult for some countries
- Violation of OPEC+ deal would bring new collapse in oil
- Global oil demand fall eased to 21.5-27 mln bpd now from decline of 30 mln bpd
- Second wave of economic slowdown is not ruled out, including U.S. trade war with China
FXStreet reports that near-term, strategists at Credit Suisse see signs the trend is tiring to warn of a potential consolidation phase.
"Gold continues to struggle to hold its move above its 'measured base objective' at $1700/05 and upside momentum is waning near-term and the threat of a consolidation phase is growing. Support at $1660 needs to hold to see this averted and to keep the immediate risk higher still, with resistance at $1796/1803 next."
"Below $1660 would signal a more protracted consolidation phase, with support seen initially at $1638, then what we expect to be better supported at $1569/65."
| Raw materials | Closed | Change, % |
|---|---|---|
| Brent | 30.26 | 14.19 |
| Silver | 14.91 | 1.08 |
| Gold | 1704.607 | 0.22 |
| Palladium | 1803.75 | -2.71 |
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
