Brent oil is establishing above $120 barrier which was broken on Friday and hit new ten-week high on Monday, as concerns about persisting tight supply on growing doubts that OPEC+ is likely to achieve increased output target and cover shortage caused by ban on Russian oil, while the prices were also lifted by Saudi Arabia’s […]
The post Brent Oil Holds above $120 on Fears of Tight Supply in Increased Saudi Arabia’s Prices appeared first on Action Forex.
Key Highlights WTI Crude Oil prices started a recovery wave above the $60.00 level. A connecting bullish trend line is forming with support at $61.90 on the 4-hour chart. Gold prices dipped below the $3,300 Read more…
USD/CAD has been on a grind higher since May 6 and has now returned to the key psychological level 1.4000 level. Volatility has subsided somewhat of late as trade deals and a rebound in overall Read more…
CHFJPY: ⬇️ Sell CHFJPY reversed from the resistance level 176.00 Likely to fall to support level 173.00 CHFJPY currency pair recently reversed from the pivotal resistance level 176.00, which has been repeatedly reversing the price Read more…