EUR/USD and Oil – Awaiting Fibonacci Resistance Breakout for Bullish Continuation
This article explores breakout strategies with insights into two potential trade setups on EUR/USD and crude oil prices. In the piece, we also examined major tech levels to watch in…
Read More »Oil Price Forecast: WTI and Brent Slide as Overall Sentiment Flounders
Oil prices appear ready for a decent pullback amid China and recessionary fears. Will we finally achieve a sustained break back below the $80.00 a barrel mark?
Read More »Crude Oil Price Outlook: WTI Set for Worst Week Since March? Falling Wedge in Focus
Crude oil prices are nearing a 10 percent loss this week, which would be the worst since March amid rising recession woes. WTI appears to be trading within a Falling…
Read More »Crude Oil Rises a Third Day from 76 Support as Risk Appetite Adds to Supply Data
Crude oil prices charged higher for a third straight session, further setting the 76 support level established by the 61.8 percent Fibonacci level of the commodity’s historical range. But what…
Read More »Crude Oil Price Outlook Mired by Failure to Defend August Low
Failure to defend the defend the August low ($85.73) may lead to a further decline in the price of oil as it extends the series of lower highs and lows…
Read More »Crude Oil Price Rebound Stalls to Keep Descending Channel Intact
The price of oil may give back the advance from the monthly low ($90.56) as it continues to trade within a descending channel.
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