Oil Might Gain
By:
All eyes on the recent tensions in the Middle East between Israel and Palaistine.
Middle East Tensions, Dollar Index, and Economic Data: This Week’s Top Market Drivers
Recent tensions in the Middle East between Israel and Palestine are the main focus of this week with escalations on the horizon.
Correction on the Dollar index also supports the price of crude oil in the short term while technicals show strong resistance around $86 level.
Economic data like PPI, FOMC minutes and inflation rate from the States are what investors are focusing on this week.
Crude Oil Forecast Video for the Week of 13.10.2023, by Antrea Themistokleous
Watch our market outlook for more:
About the Author
Michael Starkcontributor
Michael is a financial content manager at Exness. He's been investing for around the last 15 years and trading CFDs for about the last nine. He favors consideration of both fundamental analysis and TA where possible.
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