WTI Crude Oil: Testing Key Resistance The West Texas Intermediate (WTI) crude market has seen a significant recovery during the trading week, but the $72.50 resistance level remains a formidable barrier. This zone has been tested several times in...
USD/CHF On the daily chart of the USD/CHF currency pair, the ascending impulse structure is close to completion, if not already completed, which may well become truncated. On Friday, a pin bar was formed at the peak of the local ascending movement...
The US Federal Reserve has indicated a continued focus on reducing interest rates through 2024, though its upcoming decisions remain uncertain. Fed officials, including Governor Christopher Waller, have expressed a leaning toward a rate cut in...
Technical analysis of Crude oil Today I choose crude oil for technical analysis; all market prices are currently in an uptrend, helping prices rise within the channel. Crude oil prices are currently hovering above support and resistance levels. The...
The spot price is under significant pressure due to rising geopolitical tensions, particularly between Israel and Iran. As the conflict escalates, global risk appetite has taken a hit, benefiting the US Dollar (USD) as a safe-haven currency. In...
