WTI Price Analysis: Tests strength of breakout ahead of oil inventory – by Sagar_Dua24 Oil WTI Fed Breakouts SupportResistance
Oil prices are making efforts for recovery after a corrective move as US inflation is returning to desired levels swiftly.
Meanwhile, economic recovery in the Chinese economy has faltered considering its second-quarter Gross Domestic Product numbers. This has forced institutional investors to cut their annual GDPand have guided for more stimulus requirements. It is worth noting that China is the largest importer of oil in the world and bleak economic growth in China could impact the oil price.
Earlier, WTI delivered a breakout of the consolidation formed in a range of $67.20-$74.70 on a four-hour scale. The oil price is testing the strength of the breakout and might resume its upside journey. The 50-period Exponential Moving Average at $74.40 is providing support to the oil bulls.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WTI Price Analysis: Oil bounces off 10-DMA to snap two-day losing streak above $74.00WTI Price Analysis: Oil bounces off 10-DMA to snap two-day losing streak above $74.00 – by anilpanchal7 Oil WTI Technical Analysis Commodities ChartPatterns
Leer más »
AUD/USD Price Analysis: Consolidates above 0.6800 as investors await RBA minutesThe AUD/USD pair is demonstrating a back-and-forth action above the round-level support of 0.6800 in the European session. The Aussie asset has turned
Leer más »
EUR/USD Price Analysis: Initial hurdle comes at 1.1250EUR/USD comes under pressure and puts the 1.1200 region to the test on Monday. While the continuation of the upside momentum appears favoured in the v
Leer más »
BTC, ETH, ADA, BNB and SOL Price Analysis for July 17Which coin can return to a bull run faster than others? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Leer más »
Price analysis 7/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, ADA, DOGE, MATICThe onus is on the bulls to sustain Bitcoin above $30,000 or a short-term correction could begin, pulling most altcoins lower.
Leer más »
Silver Price Analysis: XAG/USD pokes $24.50 support amid overbought RSI, bear crossSilver Price Analysis: XAG/USD pokes $24.50 support amid overbought RSI, bear cross – by anilpanchal7 Silver XAGUSD Technical Analysis Commodities ChartPatterns Silver
Leer más »