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CMS Daily Market Report 16th September 2022

 

According to the analysis, gold lost 1.95% of its value on Thursday and was at the lowest price level in the last 2 years. Now, according to the price position in the daily chart, any increase in the price towards the 1684 range is a selling opportunity, and the way to continue the downward movement towards the 1622 range is available.

Oil stopped in the $89 range on Thursday and ended the day down more than 4%. Currently, the price position in the daily chart shows that the sellers are ready to continue the downward movement towards lower levels.

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