OPEC+ announced on Sunday that it will extend supply cuts to the Q3 but will gradually return barrels to the market over the following 12 months. The fact that OPEC has a clear time in mind for waning its supply cut policy is not supportive of oil bulls. The barrel of US crude fell to […]
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Daily Pivots: (S1) 1.2684; (P) 1.2731; (R1) 1.2789; More… Intraday bias in GBP/USD remains on the upside for retesting 1.2859 high. Correction from there should have completed at 1.2612. Firm break of 1.2859 will resume Read more…
Daily Pivots: (S1) 0.8982; (P) 0.9019; (R1) 0.9051; More… Intraday bias in USD/CHF remains neutral for the moment. Further rise is mildly in favor as long as 0.8956 support holds. Above 0.9049 will affirm the Read more…
Daily Pivots: (S1) 1.3610; (P) 1.3648; (R1) 1.3679; More… While USD/CAD declines notably, there is no change in the outlook as consolidation from 1.3845 is in progress, and could extend further. Downside should be contained Read more…