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New Mexico news dropped the oil price today
The oil price quickly moved down after the release of the news that New Mexico broke oil production records.
"New Mexico broke an oil production record in May, pumping an average 1.22 million barrels daily as the Permian Basin returned to output growth again."
The Oil price dropped about 150 pips after one hour of the news release and is on the way to continue downward direction. The top level of oil price WTI New York was at $76.95 on 6th of July 2021 and since then the trend is down. The huge recovery since July 19th is impossible but temporary we may see levels close to $70 in a few days time.
World-Signals.com trading strategy is to bet into short positions. If you are not into short positions already at levels of $71.50-$72.00 and above you can enter now or wait this level to open short with a target close to $70.00.
There are several different strategies one can use as you also collaborated. The key is to establish which seems to be most suitable for you and you can then apply it and consider whether it is indeed working for you, or not. In that case you will be able to get better acuqainted with the way trading works as well and you may wish to change for better results eventually.
Russia's largest gold company is running out of gold
The discoveries of new gold deposits in Russia are much slower than mining, and as a result, the country may face the depletion of precious metal reserves.
Pavel Grachev, CEO of the largest Russian gold mining company Polyus, said this in an interview with RBC. According to him, a critical moment may come in the next few decades.
The current reserves of gold in the country are about 7.5-8 thousand tons, and the production of metal is kept at the level of 330 tons per year. “If this trend is not reversed, then on the horizon of 10-20 years the industry may face a structural shortage of the raw material base,” warned Grachev.
This will not immediately affect the price of gold, which is currently at $ 1761. But in the long run, Russia is an important player in both gold mining and sales. Until 3 years ago, Russia was the main buyer, after which it became one of the largest sellers of gold in the world.
Do not be afraid. Open a cent account with ForexChief. You can try to trade even with $5-10. I think you are not afraid to lose such insignificant money. But at the same time, you will get a great experience.
One Click Close MT4-MT5 is an EA which allows you close orders quickly. EA display on chart two buttons. The first button "Close All Positions" is using to close all opened orders. The second button "Close Profit Positions" is using to close only profitable orders. EA is closing orders for all available symbols, not only for chart symbol. In EA params you can set distance from upper chart frame (Y Offset) and from left chart frame (X Offset). For installation EA it is only need to copy One Click Close.ex4 or One Click Close ex.5 file into MQL4 or MQL5 "Experts" folder.