CRUDE OIL TECHNICAL ANALYSIS Crude oil prices continue to consolidate after reversing downward following a test resistance above the $51/bbl figure (as expected). From here, a daily close below the 23.6%Fibonacci retracement at 48.90 exposes the 38.2% level at 47.04...
According to Wall Street Journal Merck Drug gets FDA approval as a First-Line lung cancer treatment. Link is HERE. Year to date Merck stock price out performed Dow Jones Industrial by 4.7 times...
Crude Oil Prices Show Early Topping Signs Near 4-Month Highs Talking Points: Crude oil prices erase intraday drop as Russia mulls OPEC cooperation Gold price rally fizzles as US Treasury yields and US Dollar trade higher US consumer confidence and API data, Fed-speak in the spotlight ahead...
Weekly Trading Forecast: US and UK GDP Look to Charge Fed and Brexit Speculation Volatility has picked up for the FX market these past weeks, but keeping the charge will require further fundamental winds. Will event risk like US and UK 3Q GDP readings step up the task...
USD/JPY Failure at 104.20 in Focus as BoJ Mulls Fate of JGB Purchases Talking Points: - USD/JPY Continues to Pullback From 104.20 Hurdle as BoJ Mulls Future of JGB Purchases...
FTSE 100: Maintaining Trend Support; Risk Appetite, Pound Helping What's inside: The FTSE continues to hold trend-line support A drop below won't shun bulls until a decline below horizontal support Global risk appetite is somewhat supportive...
DAX: Steadfast Slope Resistance Keeps a Lid on the Upside What’s inside: The DAX is declining off the top-side parallel Bias remains lower beneath this line, turns more positive on a climb above Keep an eye on the S&P 500 as it sits at a critical crossroad...