WTI crude oil futures have found a strong support level at the one-year low of 70.15, sending the price higher towards the 20-day simple moving average (SMA). The price remains well below the medium-term descending trend line with the technical indicators suggesting some contradicting signs. The MACD is standing above its trigger line in the positive region, […]
The post WTI Futures Head North after One-year Low appeared first on Action Forex.
Daily Pivots: (S1) 211.83; (P) 212.16; (R1) 212.71; More… Intraday bias in GBP/JPY stays neutral first. Outlook is unchanged that rebound from 207.20 could have completed with three waves up to 213.28. Below 210.78 will Read more…
Daily Pivots: (S1) 183.02; (P) 183.30; (R1) 183.77; More… Intraday bias in EUR/JPY stays neutral for the moment. On the downside, below 181.85 will target 180.78 support. Decisive break there will indicate that fall from Read more…
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