Day: June 9, 2023

Calmer Crude Markets Following heavy volatility at the start of the week, crude oil prices action has calmed down sharply through the week. Crude futures are now hovering around the level of last week’s closing price, reversing the initial gains seen on Monday as traders reacted to news of Saudi Arabia unveiling a fresh set […]

TitleGBPUSD H4 | React off 78.6% TypeBullish Breakout Preference: The price is rallying towards our pivot point of 1.25044, which aligns with a 78.6% Fibonacci retracement. If there is a reversal from this level, the price could fall to the first support at 1.24172. Alternative scenario:However, if the price breaks the pivot, it could reach […]

Bitcoin has tested the support at the level of 25000 and formed a beautiful bullish engulfing. Currently, the asset’s price is testing the middle point of the engulfing. Hence, Bitcoin might potentially jump. So, let’s observe what might happen. Oil rebounded from the supporting level of 71.50, forming a pattern resembling a triangle. The asset’s […]