WTI oil futures (September delivery) have been losing ground since early June when the price failed to surpass the 121.00 mark. However, a further decline has been rejected multiple times by the 200-day simple moving average (SMA) and the price has currently adopted a rangebound pattern. The momentum indicators suggest that near-term risks are tilted […]
The post WTI Futures Extend Sideways Move Supported by 200-SMA appeared first on Action Forex.
Daily Pivots: (S1) 153.82; (P) 154.64; (R1) 155.36; More… USD/JPY is extending consolidation pattern from 156.74 and intraday bias remains neutral. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of Read more…
Daily Pivots: (S1) 0.8877; (P) 0.8918; (R1) 0.8983; More… Intraday bias in USD/CHF remains neutral as consolidations continue below 0.8956. Outlook will stay bullish as long as 0.8800 support holds, in case of retreat. Break Read more…
Daily Pivots: (S1) 1.2480; (P) 1.2539; (R1) 1.2590; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen above 1.2486. But outlook will stay bearish as long as 1.2713 resistance holds. Break Read more…