Rising tensions between Russia and Ukraine pushes goods to rise

The most prominent events:

• Trump announces 25 % customs definitions On imports of cars, electronic chips and medicines until an agreement is reached with Ukraine.
• US-Russian sanctions are continuing Until a peace agreement is reached, which enhances the demand for hedge in oil.
• Gold at a crossroads Between the possibility of forming a triple summit form or a penetration of about $ 3,000.
• Oil maintains its stability above $ 70Strengthening the main technical levels.

The latest developments on the agreement of Russia and Ukraine

The markets are now witnessing how Trump uses customs tariffs as a pressure card to achieve economic and political gains. The latest announcement of definitions on car exports, drugs and electronic chips, as well as his adherence to the sanctions on Russia, put the markets on alert.

Goods, such as gold and oil, respond to the uncertainty, with the chances of the continuing direction.

The new definitions will enter into force on April 2, which leaves room for negotiations, but it keeps market confidence in a state of caution. Gold is currently testing its highest historical levels near $ 2,940 an ounce for the third time, which puts it in front of a major art scenario – a three -peak reflection or a penetration of about $ 3,000.

OPEC hints to extend production cuts after April

Away from gold and geopolitical risks, the oil hedging request is due to the fore. The mix of US-Russian sanctions and the possibility of OPEC to extend production discounts after April enhances the bullish momentum of oil prices.

While Trump’s upcoming definitions in March and April may create a short -term bullish momentum, traders are preparing for unexpected effects caused by a combination of sanctions, definitions and geopolitical tensions.

Crude oil forecast: time frame 3 days – Logaretmate scale

Source: TradingView

The upward risks in the oil market pay prices to return towards a $ 73 region. A clear closure above $ 73 may boost the ups of 76.30, 78.30, and $ 80.

But if the oil decreases below $ 72, the downward expectations may target 70, 68.80, and $ 66. Currently, the oil remains confined to a specific range, as critical levels prevent the extension of the direction.

Gold predictions: time frame 3 days – Logaretami scale

Source: TradingView

Gold continues to achieve new standard levels amid tensions between the United States, Russia and Ukraine, exceeding $ 2,945. However, stability above $ 2,940 is necessary to keep the upholsqueous momentum about $ 3,000 and $ 3,050.

If gold fails to keep the main resistance, the formation of the triple summit may decrease about 2,890, 2,860, 2,820, and $ 2,790.

While geopolitical risks may push markets in a specific direction, peace and political stability agreements may lead to a rapid reflection of prices, making risk management necessary.

Written by: Razan Hilal, CMT
Continue on x: @rh_waves