Thursday, May 28, 2020
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BRENT-AUG18H4070618 | EconAlerts

Technical Analysis – Brent crude oil futures turn bullish

Brent crude oil futures turn bullish in short-term after aggressive sell-off. Brent futures have advanced considerably over the last couple of hours, surpassing the 50- and 200-simple moving averages (SMA). The bullish picture in the short term looks to last for a while longer after the moving averages turned to the upside. Support was

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NZD/USD 07/06/18 | EconAlerts

Technical Analysis – NZD/USD indicators suggest further gains

NZD/USD remains below the upper Bollinger Band but indicators suggest further gains. NZD/USD has struggled below the 0.7050 strong resistance level and touched the upper Bollinger Band, which stands near the 38.2% Fibonacci retracement level of the down-leg from 0.7395 to 0.6850. However, the technical indicators are sending bullish signals, suggesting that the

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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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