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WTI futures break above crucial trendline and 50-day SMA Next target is the 61.8% Fibo, which held strong in January Momentum indicators tilt to the positive side WTI oil futures (March delivery) had been on the retreat since their September peak of 95.02, breaking below consecutive support zones. Although the price managed to halt its retreat […]

The post WTI Oil Futures Challenge 61.8% Fibo appeared first on Action Forex.

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13/12/2024

NZDUSD Dives to 26-Month Low

NZDUSD continues the strong selling interest Stochastic and RSI keep moving south NZDUSD plunged to a fresh lower low, recording a 26-month low at 0.5756. The pair is endorsing the steep descending tendency that started on September 30 with the technical oscillators confirming the negative momentum. The stochastic is standing in the oversold area, while […]
27/12/2023

EURUSD Edges Higher, Tests Key Resistance Area

EURUSD edges higher again today, makes higher high It tests the resistance set by a key area, north of 1.1032 Momentum indicators support the current bullish move EURUSD is trying to record its fourth consecutive green candle as it has entered the 1.1032-1.1095 area. This is a key resistance area, which has been making the […]
30/11/2023

Nothing Says ‘Let’s Save the Planet’ Like a Summit Led by a Big Oil CEO

The rally in US bonds continued at full speed yesterday and bonds are set to record their best month since the GFC this November. The US 2-year yield tumbled to almost 4.60% yesterday from nearly 5% at the start of the week. While the 10-year yield rebounded after hitting 4.25%. That makes an almost 40bp […]