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WTI futures post an almost 5-month peak But fail to advance further and hover around 50.0% Fibo Oscillators suggest that the bulls retain the upper hand WTI oil futures (May delivery) have been in a steady recovery from their December bottom of 67.97, posting an almost five-month peak of 83.10 last week. However, the advance seems to be on hold for now […]

The post WTI Oil Futures in Fierce Battle With 50.0% Fibo appeared first on Action Forex.

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14/05/2024

Everybody is Fed-Dependent

The major indices in Europe and the US across traded rangebound near their ATH levels and the US dollar index fluctuated a touch above the 105 level ahead of the US and European inflation updates that will start flowing in today. The major story of Monday was a renewed rally in Gamestop and AMC shares […]
27/08/2024

Will AUDUSD Continue Its Bullish Wave Trend?

AUDUSD holds in tight range near its recent high RSI and MACD point down AUDUSD has been stuck within a range bound pattern in the near term defined by the 0.6794 and 0.6760 levels, although the price has been maintaining a bullish tendency since the beginning of August. However, the technical oscillators suggest a potential downside retracement. […]
28/03/2024

GER 40 Index Marks Highs After Highs

German 40 index hits all-time high Uptrend shows ongoing strength, but a pause is likely The German 40 index has been having an exceptional performance so far in 2024, gaining more than 10% to unlock an all-time high of 18,510 on Wednesday. The ongoing positive trend has yet to show any cracks, but with the price marking […]