Weekly Technical Analysis of WTI Crude Oil The West Texas Intermediate (WTI) crude oil market is showing strong signs of bearish pressure as prices hover near the critical $67.50 level. This area has historically served as a significant multi-year...
Last week, bears handed the initiative to the bulls, allowing the price to rise. However, bulls were unable to sustain long-term growth. The wave structure is still forming downward, and the MACD indicator remains in the lower sales zone, although...
The spot price continued its ascent against the US dollar (USD) on Friday, surpassing the crucial 1.3410 level and reaching 1.3440 during New York trading hours. This upward movement coincided with a relatively stagnant US dollar index (DXY), which...
TRADE BY RSI INDICATOR *Trading with the Relative Strength Index (RSI) Indicator* The Relative Strength Index (RSI) is a popular technical analysis tool used to identify overbought and oversold conditions in financial markets. Developed by J. Welles...
The NZD/USD currency pair is currently trading at 0.6338, reflecting a bearish trend. This indicates that the New Zealand dollar (NZD) is weakening against the U.S. dollar (USD). Several factors may contribute to this bearish sentiment, including...