Thursday, 3 June 2021

Oil Price Forecast: Break of March High Negates Double Top Formation

The price of oil may approach the 2018 high ($76.90) as the break above the March high ($67.98) removes the threat of a double top formation.

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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...