T E C H N I C A L _ A N A L Y S I S C L / CRUDE OIL Good Morning. I'll be writing an essay today regarding how prices are behaving right now on the Crude oil market. Crude oil is trading at 71.46 at the time of writing. The USD index is testing the...
I begin my analysis of the NZD/USD (kiwi) by focusing on the 4-hour chart, where I observe a distinct sideways price channel that has dominated price action since late December. I note that the pair has consistently oscillated between the support...
#CL Another factor weighing on oil prices is the Bank of America forecast, which says that global oil demand is slowing from 1.1 million barrels per day of annual demand growth to 400,000 barrels per day of annual demand growth. For the second day...
T E C H N I C A L _ A N A L Y S I S U S D / C A D Good morning friends. Let’s pay attention to the USD/CAD price movement. USD/CAD is trading at 1.4184 at the time of writing. It is vital to pay attention to the USD/CAD market behavior on the lower...
The chart provided represents the GBP/NZD pair on the H1 (hourly) timeframe. The market shows a trend that began with a bearish movement from the highs seen in early January, gradually descending towards a key support area around 2.1650. This drop...
