Recent additional stimulus measures from China, a reduction in elevated net long positioning from large futures speculators & an uptick in geopolitical risk premium may support higher oil prices. Watch the key medium-term support of US$78.40/US$76.60 on WTI crude oil. A break above US$81.70 may trigger a multi-week bullish impulsive upmove in WTI crude oil. […]
The post WTI Oil: On Track for a Potential Recovery After 2-month of 12% Decline appeared first on Action Forex.
Check back for updates throughout the trading day U.S. equity futures powered higher in early Monday trading, while the dollar had its biggest pullback in two weeks and Treasury bonds rallied, as markets reacted to Read more…
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Gold price started a fresh increase above the $2,600 resistance level. WTI Crude oil prices climbed higher above $70.00 and might extend gains. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Gold Read more…