Wednesday, 16 June 2021

Oil Price Rally Eyes 2018 High as RSI Pushes Into Overbought Territory

The overbought reading in the Relative Strength Index (RSI) may continue to be accompanied by higher crude oil prices like the behavior seen earlier this year.

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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...