WTI oil futures (November delivery) are heading for their largest weekly gain since May, with the price stretching its bounce off the nine-month low of 76.25 up to 88.42 on Wednesday. The market managed to close marginally above the 50-day simple moving average (SMA) too, as it did in late August when the price immediately […]
The post WTI Oil Futures Within Caution Zone Despite Rebound appeared first on Action Forex.
Key Highlights EUR/USD started a fresh decline from the 1.1260 resistance. A key bearish trend line is forming with resistance at 1.1225 on the 4-hour chart. GBP/USD is consolidating below the 1.3350 resistance zone. Gold Read more…
Key Highlights USD/JPY started a downside correction and traded below 147.20. A connecting bullish trend line is forming with support at 144.50 on the 4-hour chart. EUR/USD could aim for a recovery if it clears Read more…
S&P 500: ⬆️ Buy S&P 500 broke the resistance level 5900.00 Likely to rise to resistance level 6100.00 S&P 500 index recently broke the resistance level 5900.00, the former support from January and February. The Read more…