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Oil futures and gold futures goes up – 26-05-2020

News Date: 26/5/2020 05:46:33
 

We start today's events, Tuesday, by the rise in oil prices affected by the easing of precautionary measures to combat turquoise corona in the world. US West Texas crude futures are expected to decrease by 2.50% (change 0,83+) to settle at $ 34.08 a barrel, as Brent crude contracts bear 1.7% (change 0.42+), to settle in turn at the level of 35.95 dollars a barrel. As expected, oil prices have lost, and it is expected that she will find support points at $ 30.72 and resistance at $ 34.66.

In the same context, gold futures for June delivery rise to levels of $ 1735.80 an ounce, an increase of 0.02%, and was previously traded according to the New York Mercantile Exchange, the highest peak at $ 1736.75 an ounce, and could find support points down at 1715.3 dollars, while the resistance at 1751.70 dollars, as silver futures contracts for June delivery bear 1.96%, to settle at 17,992 dollars an ounce.

Japanese stocks are making progress and continue to rise, also affected by the lifting of the state of emergency and the lifting of restrictions on publications across the country. As a result, the Nikkei  522 growing up by 2.6%, to settle at 21,271,17 points, while the Topix index increased by 2.2% To settle at 1534.73 points, and in talking about Japanese stocks, it is worth noting the airline which has achieved the best performance today by 8.2%, as is the case for many other stocks, such as railroad shares.

Closing with currency developments :

Financial markets are dormant and lacking in vitality in light of the American-Chinese tensions, however the euro, and all of the Australian dollar and the New Zealand dollar goes up in light of the decline in the US dollar.

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