Monday, 10 May 2021

Crude Oil Price Eyes EIA Report as Pipeline Shutdown, India Fog Outlook

Crude oil prices are moving slightly lower as a major supply shock in the United States continues. Meanwhile, crude oil is forming an Ascending Wedge, potentially threatening recent gains.

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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...