{"id":16441,"date":"2020-07-08T07:24:47","date_gmt":"2020-07-08T05:24:47","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=16441\/"},"modified":"2020-07-08T07:24:47","modified_gmt":"2020-07-08T05:24:47","slug":"will-oil-rise-to-50-per-barrel","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/will-oil-rise-to-50-per-barrel\/","title":{"rendered":"Will oil rise to $50 per barrel?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 \u00a01693,50
\n(-5,66%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,0799
\n( -4,21%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 24115
\n(-6,41%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 25,095
\n(-37,98%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a010609
\n(-15,36%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

World stock markets show mixed dynamics on Tuesday. Coronavirus is not retreating and there are more and more fears about the second wave of the epidemic. Will the markets react to this?<\/p>\n


\nGBP\/USD<\/strong><\/p>\n

\"GBPUSD\"<\/p>\n

The focus is on another stimulus package from the US government. It is expected to give out money to those who currently have low income. The technical picture on S&P500 remains positive. The index is above the daily SMA200, which is at 3017, but on Tuesday it is trading below the opening price by 0.6%.
\nThe DAX index showed negative dynamics on Tuesday and closed 0.9% below. The data on industrial production growth in Germany was weaker than expected. On the other hand, the data shows that European industry is struggling successfully with the fall after the coronavirus pandemic and has almost overcome the damage.<\/p>\n


\nPound Sterling
\n<\/strong><\/p>\n

On Tuesday, the pound reaches another high over the past few weeks and is steadily moving towards 1.2600. A break-up of this level will leave almost no chance for the bears to enter the market.<\/p>\n


\nGold
\n<\/strong><\/p>\n

Finally, an attack of $1800 an ounce on gold. As we expected, the price stormed off with a powerful impulse in literally 2 hours. For buyers of gold it is very important now to consolidate above the level of $1800, but there may be a slight correction from this level down.<\/p>\n


\nOil
\n<\/strong><\/p>\n

WTI oil is growing on Tuesday after information from the U.S. Department of Energy on the decline in U.S. oil production by 600 thousand barrels per day. After such statements the price of WTI crossed the $40\/bbl mark and headed higher.
\nFrom now on the oil is waiting for the resistance level of $41.50. The focus will be on today’s data on U.S. crude oil reserves, which last showed a significant decline.
\nProduction around the world is increasing, which entails the need for the most important energy source. Therefore, it is likely that the current dynamics will be interrupted and the oil will start moving towards the level of $50 per barrel, where it was at the end of February.<\/p>\n


\nWhat’s waiting for us today?<\/strong><\/p>\n

01.50 Payment balance excluding seasonal fluctuations in Japan for May
\n11.00 Publication of the EU economic growth forecast
\n16.30 US crude oil reserves<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 \u00a01693,50 (-5,66%) EURUSD\u00a0 \u00a01,0799 ( -4,21%) DJIA\u00a0 24115 (-6,41%) OIL.WTI\u00a0 25,095 (-37,98%) DAX\u00a0 \u00a010609 (-15,36%) World stock markets show mixed dynamics on Tuesday. Coronavirus is not retreating and there…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nWill oil rise to $50 per barrel? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"World stock markets show mixed dynamics on Tuesday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/will-oil-rise-to-50-per-barrel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will oil rise to $50 per barrel? | Bernstein Bank\" \/>\n<meta property=\"og:description\" content=\"World stock markets show mixed dynamics on Tuesday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bernstein-bank.com\/en\/will-oil-rise-to-50-per-barrel\/\" \/>\n<meta property=\"og:site_name\" content=\"Bernstein Bank\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-08T05:24:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"455\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wordpress Support\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wordpress Support\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/will-oil-rise-to-50-per-barrel\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/will-oil-rise-to-50-per-barrel\/\"},\"author\":{\"name\":\"Wordpress Support\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"headline\":\"Will oil rise to $50 per barrel?\",\"datePublished\":\"2020-07-08T05:24:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/will-oil-rise-to-50-per-barrel\/\"},\"wordCount\":574,\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/will-oil-rise-to-50-per-barrel\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"ENH\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/will-oil-rise-to-50-per-barrel\/\",\"url\":\"https:\/\/bernstein-bank.com\/en\/will-oil-rise-to-50-per-barrel\/\",\"name\":\"Will oil rise to $50 per barrel? 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