FXEM - EMPIRE MARKETS - Company New Article

Gold price has made noticeable positive trades in the past sessions to reach a few points away from our expected target at 2700.00, and we expect the bullish trend to continue to surpass this level and achieve additional gains extending to 2725.00 as a next positive station.

Therefore, we are waiting for more expected rise in the coming sessions, noting that breaking 2670.00 will pressure the price to retest the 2640.00 areas before any new attempt to rise.

Oil price opened today's trading with a new strong rise to touch our first positive target at 78.25, affected by the new sanctions imposed by the United States on Russian oil companies, and we expect the rise to continue to achieve additional positive targets starting at 78.80 and extending to 80.00 as the next main stations.

Stability above 76.90 represents a preliminary condition for the continuation of the expected upward trend, as breaking it may pressure the price to achieve a temporary decline and test the support floor that was formed at 75.65 before returning to rise again.