Stocks Rise Following Ban on Russian Oil Import

NASDAQ, S&P500, and Dow climb after Biden banned the imports of Russian oil. The UK also announced that they will discontinue buying oil from Russia by the end of the year.

Yesterday was a really volatile session. All three American indices showed mixed sentiment in the end. Today, they are rising significantly, though. What can they do next? Let's try to answer that question in analysis, S&P 500 first:

S&P 500

The S&P 500 was really volatile yesterday. First, the price went down, and tested the S1 support level. Then it rose high above the Pivot Point and tested the EMA 200. In the evening the price dropped significantly one more time and finished the session slightly above 4,150. Today it is rising strongly, though. The price is already above 4,210. If the buyers continue generating firm demand, the price might rise above the R1 resistance level and reach the EMA 200 today. But if the bears counterattack, the price could fall below the Pivot Point and 4,190.

NASDAQ 100

NASDAQ 100 was also really volatile yesterday. The price showed mixed sentiment and in the end, it finished the session slightly above 13,210. However, the price is rising strongly today. It's already above 13,440. If the buyers continue generating firm demand, the price might rise above the R1 resistance level and reach the EMA 200 today. But if the bears counterattack, the price could fall below the Pivot Point and reach 13,300.

Dow Jones Industrial Average

The DJIA index was really volatile yesterday as well. First, the price went down below the S1 support level. Then it rose above the EMA 200 and the R1 resistance level. In the evening the price dropped significantly one more time and finished the session slightly above 32,500. Today it is rising strongly, though. Right now the price is getting close to 33,000. If the buyers continue generating firm demand, the price might rise above the EMA 200 and today's R1. But if the bears counterattack, the price could fall below the Pivot Point and 32,700.

EXCO offers the ability to trade financial markets on leverage through multiply asset trading platforms. Be that pricing, execution, or promotions, they emphasize that what they advertise is what they give to clients, regardless of the size of their investment.