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OIL-DEC18H4231018 | EconAlerts

Technical Analysis – WTI futures create downside rally

WTI futures create downside rally towards long-term ascending trend line. West Texas Intermediate oil futures plunged over the last sessions, moving towards the long-term ascending trend line in the 4-hour chart. Also, they hold below the 20- and 40- simple moving averages (SMAs), while the technical indicators are confirming the recent negative structure in the near-term. The RSI

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GBP/USD 23Oct| EconAlerts

Technical Analysis – GBP/USD bearish outlook in the medium-term

GBP/USD rallies to exit from sideways movement; bearish outlook in the medium-term. GBP/USD has reversed back down after the pullback on the 1.3255 resistance level, while it dipped sharply on Monday below the 23.6% Fibonacci retracement level of the down-leg from 1.4375 to 1.2660, near 1.3066. Also, cable is holding well below the 20-

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