FXEM - EMPIRE MARKETS - Company New Article

Gold price faced negative pressure yesterday to test the main ascending trend line shown on the chart, therefore, we encourage the upward bias during the upcoming sessions, to head towards resuming the upward trend targeting the 2745.00 areas as the next main station, noting that breaking 2670.00 will stop the upward wave and pressure the price to start a bearish correction in the short term.

Brent crude futures are finding it difficult to confirm breaking above 73.90, and have temporarily traded negatively yesterday, noting that the price is returning to fluctuate around the mentioned level, waiting to break this level to confirm the continuation of the upward wave and achieve new positive targets reaching 75.36.

Noting that breaking 73.25 will put the price under additional negative pressure to head towards testing 72.06 directly.