Oil prices rose due to new US sanctions on Russian oil and tankers. The Kremlin warned these sanctions could destabilize global energy markets. Indian ‘sources’ stated it would avoid purchasing Russian oil from sanctioned entities and vessels. Markets are assessing the potential for a supply shock and whether OPEC+ will increase output. Oil prices continued […]
DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.87 is identified as a multi-swing-low support. Further below, the 2nd support level at 100.67 is noted as a swing-low, further reinforcing its […]
The post Technical Outlook and Review appeared first on Action Forex.
Share
