WTI oil futures (July delivery) have been in a sustained uptrend since the 92.60 region rejected any further dip, generating a profound structure of higher highs and higher lows. Moreover, the ascending 50- and 200-day simple moving averages (SMAs) endorse the commodity’s positive bearing. The momentum indicators suggest that bullish forces are in control. Specifically, […]
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EUR/USD dropped to 1.1110 on Tuesday, with the US dollar surging by over 1% in the previous trading session. The rally was driven by market reactions to news of a provisional agreement between China and Read more…
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