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Oil 05/06/18 | EconAlerts

Technical Analysis – WTI crude oil futures negative outlook

WTI crude oil futures trade below ascending trend line; shift from positive outlook to negative. West Texas Intermediate crude oil futures fell sharply lower during yesterday’s trading session and penetrated the medium-term ascending trend line to the downside. The price reached a fresh two-month low of 64.56, shifting the bullish outlook to bearish. Currently, the price is moving slightly

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Technical Analysis – GBP/USD bearish in the medium term

GBP/USD fails to post significant gains; bearish outlook in the medium term. GBP/USD came under renewed selling pressure on Monday after three consecutive bullish days, but before the negative movement, it had jumped above the 1.3400 handle. Also, the price found strong resistance obstacle near the mid-level of the Bollinger Band (20-day simple moving average). The short-term

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