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11.08.2020

API Weekly Crude Oil Stock. United States, 22:30 (GMT+2)

At 22:30 (GMT+2), the weekly report on the amount of oil reserves in the United States from the American Petroleum Institute (API) will be released. Also to the data on oil reserves, the most important in the report, it contains data on the amount of gasoline and distillates in the United States. A reduction in oil reserves traditionally leads to an increase in oil prices, while an increase leads to a decrease. The last time oil reserves in the United States fell by 8.587 million barrels. The continuation of this trend may support oil prices.

AUD/USD: technical analysis

On the H4 chart, the lateral trend persists, the instrument is trading between the lower and middle lines of Bollinger Bands; the indicator cloud is expanding, and a downtrend is likely to form in the medium term. MACD histogram is near zero line and has minimum volume; the signal line is ready to cross the zero line from above, after which a signal to open short positions will be formed. Stochastic is in the neutral zone, the oscillator lines are reversing upwards from the border with the oversold zone.