Important events today:

15:30 UTC – USA: Crude oil inventories data from the Department of Energy.

Against the background of the negative dynamics of the debt market, the rise of the price to the nearest resistances can be considered to search for an entry point with Sell orders. Since the beginning of the month, there has been a rollback to the minimum values ​​of the spread of short-term government bonds of the US and Germany, which signals a weakening of the euro. Since oil is quoted in dollars, the euro will be further pressured by lower oil prices.

Over the past 5 weeks, black gold has grown by 16% and is preparing for a correction, which is why investors close long deals. The current rise in oil looks like a bubble, as consumption is historically low in the first quarter.

Recommendations: Selling 1.1446/1.1470 with TP 1.1380.