Logo-color Logo-white

WTI crude rebounds off 200-day SMA Remains in an uptrend in the short-term WTI oil futures are finding a strong support level near the 200-day simple moving average (SMA) at 78.00 and are also struggling to jump beyond the 80.80 resistance. The price has been in an uptrend since mid-December with the technical oscillators suggesting a neutral to bullish bias. The RSI […]

The post WTI Oil Futures Fight With 80.80 Bar appeared first on Action Forex.

previous

Crude Oil Prices Rise as Ukraine Hits Russian Refineries

next

Canadian Dollar Seeks Opportunities for Growth

Read More

30/08/2024

Gold Tries to Break Out of a Triangle

Gold has hit a glass ceiling at $2525 an ounce on the spot market, which it has been battling against for the past two weeks. A series of smaller and smaller pullbacks and more frequent rallies to the resistance indicate impressive buying pressure. Under these conditions, we should expect a breakout to the historical highs […]
01/08/2024

GBP/USD Under Pressure as Market Anticipates Bank of England Rate Decision

The British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848. On the one hand, the pressure from the USD rate is evident. On the other hand, investors are awaiting the outcome of today’s Bank of England meeting and its decision on interest rates. There is speculation […]
19/04/2024

A Lack of Shock and Awe

The United States is an outlier among advanced economies, so how much signal should policymakers elsewhere take from recent upside surprises on US inflation? Less than some people seem to think. Perhaps the issue didn’t strike them as pertinent to a conversation with an Australian. Still, I could not help noticing that none of the […]