Thursday, 25 February 2021

Oil Price Approaches 2020 High Even as RSI Divergence Takes Shape

The ongoing weakness in US crude output may push the price of oil towards the 2020 high ($65.65) even as the RSI appears to be diverging with 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...