Thursday, June 20, 2019

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Oil 02/05/2018 | EconAlerts

Technical Analysis – WTI crude oil futures

WTI crude oil futures remain under pressure; creates a narrow range in near term. WTI futures have been holding within a consolidation area since April 18 with upper boundary the 69.35 resistance level and lower boundary the 67.10 support, while the 20- and 40-simple moving averages in the 4-hour chart are acting as a strong mid-level of

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GBP/USD 02/05/2018 | EconAlerts

Technical Analysis – GBP/USD

GBP/USD retreats after slipping below uptrend line. GBP/USD dived over the last two weeks after the bounce off the 1.4375 resistance level, while during yesterday’s daily session the price dropped below the long-term ascending trend line, shifting the bullish outlook to bearish. However, during Wednesday’s session, the pair is paring some losses after reaching an almost 16-month low of 1.3579. The RSI

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