Thursday, 6 October 2022

Oil to Mirror August Price Action on Failure to Hold Above 50-Day SMA

The price of oil may mirror the price action from August if crude struggles to hold above the 50-Day SMA ($88.08).

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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...