The main focus is directed towards WTI Oil which remains under immense levels of pressure as concerns around the aggressive oversupply in the markets weigh heavily investor sentiment. American equity markets closed negatively yesterday and this may trickle back down into the European arena today. Gold experienced a slight bounce on the back of Dollar weakness, but prices remain bearish in the bigger picture.
-The EURUSD resides in a wide with resistance below 1.0950
-The GBPUSD is heavily bearish on the daily timeframe and prices may decline towards 1.4300
The main focus is directed towards WTI Oil which remains under immense levels of pressure as concerns around the aggressive oversupply in the markets weigh heavily investor sentiment. American equity markets closed negatively yesterday and this may trickle back down into the European arena today. Gold experienced a slight bounce on the back of Dollar weakness, but prices remain bearish in the bigger picture.
-The EURUSD resides in a wide with resistance below 1.0950
-The GBPUSD is heavily bearish on the daily timeframe and prices may decline towards 1.4300
-WTI Oil trades towards $30
-Gold trades below the 1100 resistance
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