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On Friday, the price of a barrel of WTI crude oil exceeded USD 80 per barrel due to the decision to continue the policy of reducing oil production by OPEC+ countries. Saudi Arabia said on Sunday it would extend oil production cuts until June to “maintain stability and balance in oil markets,” an official statement […]

The post WTI Oil Price Reaches 4-month High Against the Backdrop of OPEC+ Decision appeared first on Action Forex.

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20/05/2024

Silver Wave Analysis

Silver broke multi-year resistance level 29.50 Likely to reach resistance level 32.00 Silver recently broke the key multi-year resistance level 29.50 (which has been reversing the price from the middle of 2020, as can be seen from the weekly Silver chart below). The breakout of the resistance level 29.50 should accelerate the active impulse waves […]
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