Most experts are sure that crude oil is currently undervalued. Bank of America Merrill Lynch conducted a survey on July 6th -12th to find out this fact.
As for gold prices, the experts say they are adequate. A month ago, gold was overvalued.
Previously, numerous experts used to predict the decline of macroeconomic stats. However, some of them have changed their minds and are waiting for a recovery. Some of them express hope for economic stabilization.
According , oil futures contracts keep showing bullish dynamics. The price has come close to July’s high - 88,98. If the price manages to consolidate above it, the rally will continue. In this case, the MF pivot 92.19 will turn into the closest major level of resistance.
