WTI oil price spiked to new multi-month high ($78.66, the highest since Aug 14) on Monday, as steep bull-leg off $72.83 higher low, extends into third consecutive day. Growing supply concerns on the newest US sanctions on Russian oil industry strongly inflated oil prices, with expectations that WTI price could rise to $85 per barrel. […]
The post WTI Oil: Price Rises Further on Supply Concerns Over the Latest US Sanctions on Russia appeared first on Action Forex.
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Daily Pivots: (S1) 156.98; (P) 157.94; (R1) 158.64; More… No change in USD/JPY’s outlook and intraday bias stays neutral at this point. Further rally is in favor as long as 156.0 support holds. ON the Read more…
Daily Pivots: (S1) 0.9120; (P) 0.9154; (R1) 0.9200; More… USD/CHF’s rally from 0.8374 is still in progress for 0.9223 key resistance. Decisive break there will carry larger bullish implications. For now, near term outlook will Read more…