Wednesday, 30 June 2021

Oil Price Resilience Pushes RSI Towards Overbought Territory Again

Another move above 70 in the Relative Strength Index (RSI) is likely 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...