Saturday, 9 February 2019

Bullish Backdrop Remains Despite Weekly Drop

Crude remains above the technically significant $50/bbl while traders are watching a bullish chart pattern and a potential larger supply disruption in Venezuela than previously feared that could support price.


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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...