Forecast by instruments:, , , , , , , , , , , bitcoin, gold, oil, natural gas, Sberbank (MCX:), Gazprom (MCX:)
The upward trend closer to the close of the trading week again did not hold above the historical resistance level of 109.00. According to usdrub, the upward correction stopped at the resistance level of 64.20 and after a false breakdown began to actively turn upwards.
has continued to decline since the end of last month, returning to the support level of 8440, which until recently acted as a strong resistance. The dollar index consolidated at the historical resistance level of 98.05 during the week, which led to a short-term rebound in the price downwards.
Gold xauusd turned on a short-term upward correction, breaking above the nearest resistance level of 1464.05. Brent crude has been consolidating at a historic support level of 61.60 since the beginning of the month, forming false breaks followed by upward rebounds.
See the detailed forex forecast for the week of November 18 – 22, 2019 in the video. With respect, Artem Helius is the author of helium Trading.
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