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The American Petroleum Institute on Tuesday reported that U.S. crude-oil inventories rose 1.85 million barrels last week, according to a source citing the data. Gasoline inventories were up 1.82 million barrels, while distillate stocks rose 3.38 million barrels. The Energy Information Administration will release official inventory figures on Wednesday morning. Analysts surveyed by S&P Global […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the descending wave at 1.0675 and may later correct up to 1.0710. After that, the instrument may resume falling to break 1.0640 and then continue moving within the downtrend with the target at 1.0585. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded from 1.2560, GBPUSD is […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 3/8 and then continue growing to reach the resistance at 4/8. However, this scenario may no longer be valid […]
Type: Bullish RiseKey Levels:Resistance: 51144Pivot: 50723Support: 50416Preferred Case:On the H1, stochastic indicator is bouncing off resistance level which supports our bullish bias that price will rise from the pivot at 50723 where the swing low support and 78.6% fibonacci retracement are to the 1st resistance at 51144 in line with the pullback resistance and 61.8% […]
Type: Bullish RiseKey Levels:Resistance: 1716’4Pivot: 1702’6Support: 1675’4Preferred Case:Price is moving below the ichimoku cloud which supports our bearish bias that price will drop from the pivot at 1702’6 where the overlap resistance and 23.6% fibonacci retracement are to the 1st resistance at 1716’4 in line with the swing high resistance, 50% fibonacci retracement .Alternative Scenario:Alternatively, […]
Stocks Trade Modestly Higher U.S. stock indexes edged up in afternoon trading, even after a profit warning from Target cast a pall over the retail sector. Jun. 7, 2022 at 3:47 p.m. ET by Anna Hirtenstein Novavax’s Covid-19 Vaccine Backed by FDA Advisers Experts advising the FDA endorsed Novavax’s Covid-19 vaccine, voting overwhelmingly that the […]