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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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Daily Elliott Waves Forecast: OIL, GOLD, POUND (14.03.22)
OIL plummeted 3.30% early in the week on increasing calls for steeper sanctions against Russia. The decline coincides with a 5th wave expected to complete a 5-wave impulse in wave A. Following a fresh local low, a correction to $115/bbl could be seen.
GOLD plunged 0.75% only as it seems to be one step ahead from WTI with its 5th wave complete already. The correction, in this case, is projected to see the yellowmetal recapture the $2k barrier, but only temporarily.
POUND is at crossroads so far in the week, however, some grab had been expected given its huge 1.50% plunge last week. Despite the target for a 3rd wave being reached, we might be looking at an extended version.
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