• WTI reversed from support level 74.00
• Likely to rise to resistance level 80.00
WTI crude oil recently reversed up from the pivotal support level 74.00 (which has been reversing the price from the end of November).
The support level 74.00 was further strengthened by the lower daily Bollinger Band.
WTI crude oil can be expected to rise further toward the next round resistance level 80.00 (which stopped the previous short-term correction (ii)).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies