The International Energy Agency (IEA) has once again raised its forecasts for global oil demand in 2024. While the agency’s forecast pointed to the prospect of an oil surplus in 2023, its analysts now believe that the world will experience a shortage of oil in the second half of 2024. Among the reasons for the […]
USDCAD reversed from pivotal support level 1.3585 Likely to rise to resistance level 1.3750 USDCAD currency pair recently reversed up from the pivotal support level 1.3585 (former strong resistance from December, February and March) intersecting with the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal […]
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