Preferred direction: SELL
Comment: Recent events in the Middle East have made markets nervous. In turn, this has traditionally generated demand for metals. However, so far the situation is not particularly serious, since Yemen is a constant point of hostilities. There are unlikely to be any strong purchases in metals until the end of today's trading day. But after the weekend, it is better not to postpone deals of this kind to the next week.
Technically and considering volumes, shorts are still being looked for. We have two scenarios ready for the US PPI data. We consider the target for the fall to be at the level of 22.00.
Thank you for like and share your views!
Comment: Recent events in the Middle East have made markets nervous. In turn, this has traditionally generated demand for metals. However, so far the situation is not particularly serious, since Yemen is a constant point of hostilities. There are unlikely to be any strong purchases in metals until the end of today's trading day. But after the weekend, it is better not to postpone deals of this kind to the next week.
Technically and considering volumes, shorts are still being looked for. We have two scenarios ready for the US PPI data. We consider the target for the fall to be at the level of 22.00.
Thank you for like and share your views!
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