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Oil futures settled higher on Friday, with U.S. prices recouping much of the losses they suffered on the back of recession concerns over the last two trading sessions. Prices, however, still posted a decline for the week, the second weekly decline in a row. West Texas Intermediate crude for August delivery CLQ22, +2.69% rose $3.35, […]

BRENT As we can see in the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to break 3/8 and continue moving downwards to reach the support at 1/8. However, this scenario may no longer be valid if the asset breaks […]

Oil Prices Rise 4%, And Brent Crude Is Above $113 Oil prices rose about 4% on Friday, June 24, supported by a supply shortage, although crude is heading for a second weekly decline amid concerns that higher interest rates could push the global economy into recession. US Federal Reserve Chairman Jerome Powell said Thursday that […]

Type : Bearish Momentum Key Levels:Resistance : 18.96 Pivot: 18.42 Support : 17.58 Preferred Case: On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.42 in line with the 78.6% fibonacci projection to the 1st support […]

Type : Bearish Drop Key Levels:Resistance : 16.570 Pivot: 16.310 Support : 16.035 Preferred Case: On the H1, price is moving below the ichimoku cloud and within the descending channel which gives us a bearish bias that prices will drop to the pivot at 16.310 where the 78.6% fibonacci retracement , 61.8% fibonacci projection and […]

Restructuring, bankruptcy, buyouts… media outlets are swarming with different reports on the next steps Celsius may take. 453 Total views 3 Total shares Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy. According to a Friday report from the Wall Street Journal, […]