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WTI oil price fell in early Wednesday as unexpected rise in US crude inventories further soured the sentiment on rising demand concerns. Fresh weakness emerged below the base of rising daily Ichimoku cloud and broke through pivots at $78.16 and $77.66 (100DMA / 50% retracement of $67.70/$87.61 rally) reinforcing bearish signal generated on weekly close […]

The post Crude Oil Price Fell Further on Growing Demand Concerns appeared first on Action Forex.

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12/12/2023

Dollar Index in a Corrective Wave (4) Rally – Technical Resistance at 104.50

It’s an important day for the markets with the US CPI release and expectation of 3.1% down from 3.2%, so dollar and us yields can be volatile today on speculations regarding further policy rate decisions from the FED tomorrow. From an Elliott wave perspective, the DXY is still seen in a corrective phase so I […]
03/06/2024

US: Manufacturing Slips Further into Contraction in May

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SPX Perfect Buying Opportunity At The Blue Box Area

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