US Oil Update: Broke previous high in the gap @ 77.28. Bearish Divergence with Bearish engulfing pushing down to establish new SUPPORT around 71.59 (Candles) 27.43 (RSI), which will confirm a Cup & Handle Impulse pattern. Retest @ our potential entry of 73.93 (Candles) 34.66 (RSI) to give us that sling shot/impulse to 92.46 (Candles) 86.69 (RSI).
Interest Rates: One of the main factors influencing the price of gold is the interest rates. When the interest rates rise, investors tend to shift their investments from gold to other assets that offer higher returns. Currently, the US Federal Reserve has indicated that it may raise interest rates, which could lead to a decrease in the price of...
