Thursday, 13 October 2022

Crude Oil Price Forecast: Bull Flag Formation Takes Shape

The price of oil may continue to hold above the 50-Day SMA ($87.58) as a bull-flag formation appears to be taking shape.

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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...