US Indices Desperately Cling to the 200-day MA

Key Highlights Crude oil prices settled below the $80.00 level with a bearish angle. A connecting bearish trend line is forming with resistance at $79.20 on the 4-hour chart. Gold prices corrected lower from the $2,450 resistance. EUR/USD also declined after it failed to clear 1.0885. Crude Oil Price Technical Analysis In the past few […]

WTI crude oil runs to 71.00 critical level near downtrend line Momentum oscillators reflect positive bias WTI crude oil prices recovered the bearish gap that was created in the preceding week and is currently testing the medium-term downtrend line near 71.00. The price has added more than 6% over the last couple of days with […]

The euro continues to show limited movement and is almost unchanged on Thursday. EUR/USD is trading at 1.1010 in the North American session at the time of writing. ECB expected to deliver 25 bps cut The European Central Bank meets later today and the markets are expecting a rate cut of 25 basis points, which […]