Thursday, 8 November 2018

Oil Price Outlook Mired by Ongoing Oversold RSI Signal

Recent price action keeps the downside targets on the radar for oil especially as the Relative Strength Index (RSI) sits in oversold territory for the first time since 2017.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...