Trading Analytics: Key Trends Emerge Across Metals, Currencies, and Commodities
The trading analytics for September 7-11 highlights several key trends across various asset classes. In metals, gold and silver are currently holding in a range around $4477 and $20 respectively. While the global bias is still upward, a breakout beyond important levels is needed to confirm the continuation of the impulse.
Currency pairs such as yuan/ruble and euro are waiting for confirmation after a breakout or the end of a correction. The key reference point for the yuan/ruble pair is in the 13,000 zone, while the euro maintains an upward structure on higher timeframes but lacks direction on lower timeframes.
Brent oil broke through the $90 level and continues to rise, with the nearest reference point around $100. Gas, however, maintains an uptrend but has a choppy movement, requiring caution when entering trades.