WTI Crude Oil Slips: Is The Market Headed for Further Losses?

USDJPY remains below 157.70 Uptrend line acts as strong support Momentum oscillators show contradicting signs USDJPY is still developing below the 157.70 resistance level and well above the medium-term ascending trend line, failing to have a notable movement after the US CPI data and the Fed decision on Wednesday. The technical oscillators are showing some […]

Markets News agency Reuters reported just before the start of European trading that Russian President Putin would be open to talks on a ceasefire deal in Ukraine with the US. He wants a carve-up of four regions in the south—east of Ukraine that Russia annexed in 2022, but doesn’t fully control. It caused a positive […]

Crude oil prices fell after initially gaining over 1.5% on Wednesday, marking the biggest rise in two weeks. Despite concerns about Tropical Storm Francine’s impact on US oil production, traders believe the storm’s effects will be short-lived due to the current oversupply in the market. The US Dollar also strengthened following a surprise rise in […]