Thursday, August 22, 2019
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Oil Oct 18 - 18/09/18 | EconAlerts

Technical Analysis – WTI oil futures edge higher

WTI oil futures edge higher but struggle to overcome 50.0% Fibonacci. West Texas Intermediate (WTI) crude oil futures traded sharply higher today after the bounce off the 68.50 resistance level, which overlaps with the 38.2% Fibonacci retracement level of the down-leg from 75.24 to 64.40. However, oil prices have been developing within a sideways range with the 69.80

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Gold 17/09/18 | EconAlerts

Technical Analysis – Gold still consolidating

Gold still consolidating; unable to break narrow range. Gold still trades below the 20- and 40-period simple moving averages (SMA) on the 4-hour chart, however, it was moving higher during the last couple of candles. The market appears to be largely in a neutral mode after the fall below the 1214.15 level. Notice that the RSI is mostly moving sideways below the 50 level, while the %K line

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