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OIL-JUL18H4120618 | EconAlerts

Technical Analysis – WTI crude oil futures is bullish in the short-term

WTI crude oil futures surpasses 23.6% Fibonacci; next resistance at 67.30. West Texas Intermediate futures is on course for a bullish correction and is posting some gains today, following the rebound on the 64.20 support level. The price jumped above the 66.00 handle and the 23.6% Fibonacci retracement level of the down-leg from 72.87

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HK50 08/06/18 | EconAlerts

Technical Analysis – Hong Kong 50 Index bearish bias in place

Hong Kong 50 Index slides back inside symmetrical triangle; bearish bias in place. The Hong Kong 50 Index is having a rough ride today, extending the negative momentum below the 20-day simple moving average (SMA). While the index jumped above the symmetrical triangle in the previous two days it failed to extend gains towards the 32,000 resistance

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