Gold faces low volatility around 20-day SMA. Short-term bias looks neutral-to-bearish. Gold maintained a muted tone around the 2,900 mark as the new week kicked off, disregarding concerns about a potential US economic slowdown. The precious metal continues to hover around its 20-day simple moving average (SMA) for the fourth-consecutive trading day, awaiting a fresh […]
WTI crude oil finds resistance at 200-day SMA Stochastics and RSI head south WTI crude oil futures with delivery in July have failed to surpass the 80.00 level once again and are currently returning below the 200-day simple moving average (SMA). The price has been developing within a narrow range of 76.58-80.00 since the beginning […]
The post WTI Crude Oil Erases Gains Below 80.00 appeared first on Action Forex.
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