-
Oil and Gold Lifted By Weaker USD
Oil Edges to Upper End of Range Oil prices are edging higher again, lifted by positive risk appetite and a softer US dollar. Brent and WTI both remain near the upper end of their ranges, without really threatening a breakout at this moment. Brent continues to see resistance around $45.50 region, with key support now being last weeks low around $43.50. WTI has similar resistance in the $43 area, with support coming from last week’s lows around $41. Source – OANDA Advanced Charting The fundamental situation hasn’t really changed, the global economic outlook is uncertain given the new waves of the virus around the ... (full story)