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Crude spiked lower on Friday, but then stabilized on volume late in US session when price moved slightly higher. Energy also stays up after the news that N.Korea fired an unspecified ballistic missile toward East Sea. From an Elliott wave perspective, price is also eyeing higher, we are seeing room for wave C/3 to around […]

The post Crude: Temporary Recovery Has Room for $75 appeared first on Action Forex.

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20/08/2024

GBPUSD Awaits Strong Resistance Near 1-Year High

GBPUSD’s rebound off 200-day SMA still holds Stochastic in overbought area RSI ticks south above 50 level GBPUSD continues last week’s rebound off the 200-day SMA and the 50.0% Fibonacci retracement level of the up leg from 1.2300 to 1.3045 at 1.2670, but with some weakness today. The intraday bias looks neutral to negative, as the stochastic […]
05/06/2024

Short Term Elliott Wave Structure in Oil (CL_F) Favors Downside

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19/06/2024

BoE Still Has Work to Do to Bring Inflation Back Under Control

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