Mon, 09 Jan 2017 03:18:00 +0000
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These are the Main Daily Trading Signals for Wednesday. Here's how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar sees 5 neutral models in the short-term, whereas the mid and long-term scales are overwhelmingly bearish. Neutral at 4% short, the interbank matches the 1-hour models.
This year, the average cost of Brent oil is expected to be at $53,5 per barrel. This is what the latest EIA report says. This means that the forecast has improved relative to the previous one. For the sake of comparison, the average price of Brent oil in 2016 was at $43,74 per barrel. In 2018, the average price is expected to exceed $56 per barrel.