The negative pressure continues on the pair to stabilize the pairing at the moment below the second target level of the downside scenario at 1.1290. The bearishness indicators are appearing on the Stochastic and RSI indicators …..possible downside scenario remains with weak area being revised around the first target levels at 1.1350 and could target […]
By Noah Browning LONDON (Reuters) – Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and U.S. sanctions against Iran and Venezuela, though remain wary of surging U.S. output and the outcome of U.S.-China trade talks. Brent crude futures were up 61 cents at $62.12 a barrel and U.S. West Texas […]
continue moving near the 1309-1298 support area … RSI is still within the bullish momentum and Stochastic points to a positive cross The upside potential remains valid as long as the trades remain above the ascending trend line shown on the daily chart to keep the targets around 1326 resistance as the first target, which […]
The pair is still moving within the narrow range around the resistance area 109.90 – 110.10 … It is better to wait until this resistance is breached and confirm the upside move to be the next potential targets around 110.90 as the first target and 111.70 as the second target. but the drop and the […]
The potential bearish scenario remains valid with steady trading below 1.1410 … The pair may be heading towards its second target around 1.1290 support and then the main target around 1.1220 (the low of November 2018) … The saturation of the Stochastic and RSI indicators on the four hour frame may push Pair to test […]
The pair is maintaining its stability below 1.3000 – 1.3030 which keeps the possibility of the downside to the list to head to the second target at 1.2810 support, which could push the price to head to 1.2700 as a third target. A break of the SMA 50 with a four hour closing above 1.3030 […]
By Tom Finn LONDON (Reuters) – The dollar rose on Monday as concerns grew that U.S.-China talks this week would not heal a rift over trade between the world’s largest economies. The greenback is being lifted by its safe-haven appeal as investors, worried about a sharp global economic slowdown, pile into the world’s most liquid […]
By Noah Browning LONDON (Reuters) – Oil prices edged up on Tuesday, buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC. But disappointing U.S. factory data weighed on the market, which on Monday saw U.S. West Texas Intermediate (WTI) and Brent crude reach 2019 highs, […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose to their highest so far this year on Monday as OPEC-led supply cuts and U.S. sanctions against Venezuela’s petroleum industry tightened markets. International Brent crude oil futures climbed to a 2019 high of $63.37 per barrel around 0800 GMT after already rising by 3 percent the […]
